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Campaign group Generation Rent described Sir Howard Davies's comments as "astounding", while another critic said it demonstrated a "staggering disconnect between bankers and reality". Sir Howard Davies later "clarified" his remarks.
(Bloomberg) -- NatWest Group Plc Chairman Howard Davies is facing backlash after saying he believed it wasn’t “that difficult” for UK consumers to obtain a mortgage.Most Read from BloombergBusiness Insider Says Ackman’s Wife Plagiarized Doctoral ThesisHuawei Teardown Shows 5nm Chip Made in Taiwan, Not ChinaTroubled China Shadow Bank Zhongzhi Files for BankruptcyIslamic State Claims Responsibility for Deadly Iran BlastsJust a Billion Doesn’t Cut It on This Exclusive Florida IslandThe fact that co
Sir Howard Davies had also said that prospective buyers have to save, and that ‘is the way it always used to be’.
Sir Howard Davies said people ‘will have to save more’ but that ‘I don’t think it is that difficult at the moment’
The chair of one of Britain’s biggest banks faced a backlash Friday after saying that it is currently not “that difficult” to get on the property ladder.