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Fortune
Fortune
Prarthana Prakash

Bank boss sparks fury after saying it’s ‘not that difficult’ to buy a home in cost-of-living crisis hit U.K.

(Credit: Jason Alden—Bloomberg/Getty Images)

Britain’s housing market has proved a challenging one for buyers to navigate amid high interest rates and a tight cost-of-living crisis through 2023. Even as house prices in some parts of the country have shown signs of cooling, property prices are generally much higher than pre-pandemic times.

That’s perhaps why remarks by British bank NatWest’s chair Howard Davies sparked a slew of angry responses after he said it wasn’t all that difficult to buy a house in the U.K.

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