News | Politics A bank chief backtracked after sparking disbelief from many young Londoners on Friday by saying it is not “that difficult” to get on the housing ladder. Sir Howard Davies , chairman of the major retail bank, said prospective buyers have to save, and that “is the way it always used to be”. Average house prices in London were £667,019 in December, according to Rightmove. Asked by BBC Radio 4’s Today programme when it will be easier for people in the UK to get on the property ladder, Sir Howard said on Friday: “I don’t think it is that difficult at the moment.” Pressed about this claim, he added: “You have to save and…
