Bank charges need traffic light labels, says Tesco

Consumer group Which? and Tesco Bank have issued recommendations ahead of a review into UK retail banking.

Tesco Bank is proposing a "traffic light" system of red, orange and green labels to warn people how much their accounts are costing them.

Meanwhile, Which? is calling for a complete overhaul of current accounts to protect against customers being overcharged.

Simon Gompertz reports.