How will Westminster respond to Vickers?

The Vickers’ report into banks will land on the Prime Minister’s desk tomorrow. It goes to the banks very early on Monday morning before being published later that day.

The thing to watch for is how politicians react to it. We know that the report will propose some kind of ring fence. But what we do not know is how strict the ring fence will be and how quickly Vickers will want it implemented. As Robert Peston says the impact of the ring fence on the banks’ creditworthiness will be felt long before the actual ring fence comes into effect.

Intriguingly, Ed Miliband is giving a speech to the TUC that day. This gives him a platform to call for the immediate implementation of the whole report. The question is will the Liberal Democrats, who have been arguing for banking reform longer than any other party, try and beat him out of the traps?