Bradford & Bingley campaigners are planning a meeting early in the New Year to put further pressure on ministers for more information about the break-up of the bank.

It is likely to be held at the Bankfield hotel, just down the road from B&B’s Main Street, Bingley and Crossflatts offices and organisers will invite a Treasury minister to attend and give answers.

The meeting is being planned by the Bradford & Bingley Shareholders Action Group, which is also calling for a public inquiry into the nationalisation of B&B’s mortgage business.

Philip Davies, MP for Shipley whose constituency includes Bradford & Bingley, has agreed to attend the meeting.

David Blundell, BBAG chairman, says the meeting will give more shareholders the chance to air their views about the way B&B’s lending business was taken into state hands and the savings business sold cheaply to Spanish banking group Santander.

He said: “There are still many questions to which shareholders in a once sound and well-run company require answers. So far, our requests for answers from the Government about just why part of B&B was nationalised have met with a wall of silence.

“We will be inviting a minister to attend the meeting and provide a platform where shareholders’ concerns can be addressed.”

Mr Blundell said shareholders were angry that the Government had “thrown taxpayers’ money” at rescuing big banks such as RBS, while offering no such help to B&B and Northern Rock which were based in the North.

Meanwhile, Philip Davies has welcome remarks form the Deputy Governor of the Bank of England calling for a revised system of financial regulation to try and prevent another meltdown in the financial sector.

Sir John said: “We need to develop some new instruments, which sit somewhere between interest rates, which affect the whole economy and individual supervision and regulation of individual banks.

“We need to develop something which bridges that gap and directly addresses the financial cycle and prevents the financial cycle and the credit cycle getting out of hand.”

Mr Davies said he welcomed the comments which added to the growing weight of evidence that the regulatory system created by Gordon Brown was wholly inadequate.