Consumers should be heard, says Which?

As the Government announces the formation of the UK Financial Investments Limited, to look after taxpayers' interest in Government-backed banks, Which? Head of Campaigns, Louise Hanson says: "Consumers have been knocked left, right and centre by higher mortgage costs, more expensive banking and worries about the security of their savings. It is very disappointing that there will be no consumer voice in the new agency set up to manage the Government-backed banks. It's time that the interest of consumers is recognised and put at the heart of this process."