Brown meets bank chiefs as housing gloom grows
Gordon Brown has held a meeting with bank chiefs to discuss way to boost confidence in the housing market. Downing Street said the talks were not a crisis summit and had been in the prime minister's diary for some time. The talks came as the Royal Institution of Chartered Surveyors reported that its members had their gloomiest view of the property market since its survey began in 1978 (see below). The Bank of England has also put £15bn more into the banking system. Mr Brown will travel to the US this week to meet finance chiefs to discuss the global credit crisis. Chancellor Alistair Darling is to hold separate talks with mortgage lenders next week.
16 Apr 2008
