Jonathan Jensen, @sevendotzero, has been contributing to the Terrapin blog and talking about consumer banking.
The UK banking market needs more competition from providers who can deliver customer centric services in the way consumers want to consume them. This means products from people who understand consumers and who are not driven by protecting legacy products. So far new competition has been very limited; examples include Metro Bank who went down the banking licence route and Virgin Money who bought Church House Trust and then Northern Rock.
Jonathan makes some good points in his article. I would add that the good work being done by the Fairbanking Foundation may ultimately lead to consumer current accounts being more favourably compared to prepaid accounts.