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Nick Clegg and David Cameron attacked bankers premiums in the last 48 hours. Mr. Cable is supposed to reiterate the criticism today as it appears on the Andrew Marr Show on BBC1.

Mr. Daniels said that people had to recognize that banks operated on the world market and compete for top talent so that they can perform best operations. If they did they risked losing their foreign competitors, he argued.

He also said that all salaries in Lloyd's carefully compared and that it was the same for everyone.

He said: "if we pay people market [rate] how can we expect people to work for us?". " This is something which is not the debate may also often as it should.

"Boy, I détesterais to run with a poor workforce."

Mr. Daniels, who steps as Chief Executive in March, said Lloyd ' is happy to go it alone to provide further details how many customers they are earning interest on their savings trying to convince policy makers and regulatory bodies that the banking sector is not need to change more forced on it upwards.

"We are going to act unilaterally e_SEnD if the rest of the sector or the e_SEnD changes and to ensure our transparency starting at the beginning of next year, so we'll have real clarity rates and average balances so that customers can really see exactly what their current account and any interest, they may be giving up moving not money in a savings account"M. Daniels, told the Sunday Telegraph.""

"We hope that the rest of the industry comes with us e_SEnD, we believe that it would be a good thing.

In the new service manager money, Lloyd ' client S will be the first time, provided with instructions to say the rate of interest that they find on their money.

The move by Lloyd's arrives at a time when the Bank is under pressure to persuade politicians that its market share is not anti-competitive. In particular, the Bank provided a solid defence of its undertaking to the independent Commission (BIC), established by the Chancellor to look at the sectoral issues, including the collapse of the banks as the Lloyd banks ' S. The Bank is supposed to have argued in its submission to the ICB that concentration relatively high market share in the United Kingdom does not inhibit competition and, indeed, offers the best conditions for the consumers.

"There are lot of mythology and wisdom perceived competition," said Mr. Daniels. It appears in the minds of some people, we have seen quoted in the newspapers is great must means that it is wrong. If we look at the facts, the British market is competitive by international standard. ?

Approximately one third of UK current accounts are held with Lloyd's, giving the largest market share of any bank in the country. It is also the largest mortgage lender in the UK.

Speaking last month last public debate of the ICB, Clare Spottiswoode, the former gas regulator and a member of the banking commission, admitted the commission could call the merger of the Lloyd's-HBOS to be cancelled in its final report in September 2011.

Lord Myners, the former Minister of the city, echoed that call last week.

Mr. Daniels was adamant about the fact that the bursting of the Lloyd's would not improve the competition. "Decays are always possible, but to what end? It will produce better outcomes for consumers? "Well, research would say otherwise," he said.

"We are already create the seventh largest bank in the UK by our EU assignment [Lloyds sells 600 branches] and it is only step clear to me that the addition of one-eighth or ninth Bank will do no good."

He said that the market was already highly competitive, with 80 providers savings, 30 suppliers account, 30 providers of credit and 60 cards mortgage different providers.

Free banking model, has criticized this month by outgoing Chief Executive John Varley, Barclays, was cited by Mr. Daniels, as a sign of competition in the banking market United Kingdom. The Committee of the Board is currently the practice.

Accounts Bank switching is another area in which the banks come under fire to maintain business practices that impede competition and M. Daniels said he wanted to switch more easily.

However, he said that the shift towards a system where people could take their number with them account to another bank would be unnecessarily expensive.

"Having a universal number is a very expensive solution", he said. "There may be relatively simple to make sure that when your BT Bill wants your old Bank Gets transported beyond your new bank technology means."

"We do not think that consumers best results have been achieved yet." We can offer the best value, and we believe that moves] switching and transparency can be very useful. If it is easier to move and we can remove uncertainty and then we are happy to do so.

"It will involve a more competitive market."

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