Barclays chief forecasts more house price gloom - papers

John Varley, Group Chief Executive of Barclays, painted a bleak outlook predicting that property prices could fall by up to 30 per cent. In an interview with Sky News, the bank boss also criticised mortgage borrowing levels over the last decade. The comments will be seen as highly significant in the City as they come from such an eminent figure. Mr Varley warned that the UK was only "halfway" through the slump with house prices set for even greater falls. He said: "Our view was that from the top to the bottom, you would see a fall of something like 25 to 30 per cent. "I suspect we're ...