SELL YOUR HOME QUICKLYBrown to meet senior UK banking executives
UK Prime Minister, Gordon Brown, will reportedly go behind closed doors with industry figures from leading UK financial services today. On the agenda are discussions on the impact of the credit crunch on economic and financial markets.
Thomson Financial reports that the meeting is scheduled mere hours before Brown takes off for a 7-day visit to the US to discuss the credit crunch with American financiers.
According to Brown’s spokesperson, Michael Ellam, the Prime Minister will meet with several UK role players, including senior executives from the main banks, to tackle global financial issues ahead of his meeting with Wall Street.
Meanwhile, a Treasury spokesperson has confirmed that Chancellor of the Exchequer, Alistair Darling, is expected to meet with the Council of Mortgage Lenders (CML) next week.
The discussions will focus on exploring ways of limiting the negative effects of the credit crisis on the UK property market. It comes amid mounting worries that a sharp tightening of lending criteria by UK mortgage banks could trigger an abrupt fall in UK house prices, hampering economic growth.
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