Chancellor’s meeting with high street lenders comes amid mounting concern over fallout from rising loan rates
High street bank bosses will tell the chancellor, Kwasi Kwarteng, that they have growing concerns over the state of the UK’s mortgage market when they gather at Number 11 Downing Street on Thursday.
The meeting – which is expected to be attended by chief executives, including Alison Rose of NatWest, Charlie Nunn of Lloyds Banking Group, Ian Stuart at HSBC UK, Mike Regnier at Santander and Robin Bulloch at TSB – comes amid mounting fears about the potential fallout from rapidly rising mortgage rates.
