David Cameron has criticised banks and building societies for being too cautious with their mortgage lending and preventing the housing market from progressing.
Speaking in Leicester, the Prime Minister said a competitive housing market was vital to the economy and called for a return to "respectable" lending, the Daily Mail reports. Although the economic crisis was caused in part by millions being sold mortgages beyond their means, he said "the pendulum has now swung too far the other way". He added: "You need a housing market where people are able to sell and move. The housing market has become very stuck and we've got to get it moving again." EU set to go ahead with bondholder haircuts The European Commission is set to go ahead w...
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