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Crunch talks 'not a crisis summit'

By Bridgid Nzekwu, Jon Snow

Updated on 15 April 2008

Downing Street insists today's meeting between Gordon Brown and leading bankers is not a crisis summit.

The meeting was called to discuss ways of dealing with the global credit crunch.

The prime minister said lenders should pass last week's Bank of England interest rate cut onto their customers.

Today's meeting comes as new figures showed house prices falling yet again. A record number of surveyors have reported price drops last month, overtaking figures set during the price crash in the 1990s.

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