“From September this year, every customer of every bank in Britain will be able to switch their bank account from their existing bank to another one in seven days. All they will have to do is sign up to a new bank – and the rest will follow.
All the direct debits, the standing orders, everything will be switched for you with no hassle. This is a revolution in customer choice.”
Sure, just as soon as you have supplied proof of your identity and a fuel bill and all the other gubbins to avoid falling foul of the money laundering requirements.