The original statement was correct as of 2009. When the coalition came in, one of Osborne's first acts was to push the banking regulators to issue more banking

The original statement was correct as of 2009. When the coalition came in, one of Osborne's first acts was to push the banking regulators to issue more banking licenses, due to that 100 year+ stagnation. Since the coalition, there have been a variety of new licenses issued, so the problem is now resolved.