‘Be poorer’ bank boss in parents’ £1.5M property
Unions hit out as luxury lifestyle revealed
THE Bank of England boss who told people to just accept they are poorer lives in a £1.5million home owned by his parents.
Huw Pill, 54, who earns £190,000 a year, sparked outrage when he said workers should stop asking for pay rises during the cost of living crisis.
But we can reveal he makes do in his mum and dad’s posh apartment in a private lane in Kensington – one of London’s most expensive areas.
Mr Pill declined to say if he pays for his home – or if he regretted telling a US podcast that Brits “need to accept they’re worse off ”.
Unite union leader Sharon Graham said: “You couldn’t make it up. He jets off to America to explain to a podcast audience that being worse off needs to be accepted – while of course he isn’t. It is absolutely jawdropping that bankers like Huw Pill should lecture about sacrifice for the common good.”
Mr Pill, an Oxford educated ex-goldman Sachs economist, is the Bank of England’s chief economist, responsible for analysis used for policy decisions.
His home is owned by Sir Malcolm Pill, who was the Court of Appeal’s longest-serving judge, and Lady Roisin Pill, a sociology professor, according to the Land
Registry. They bought it in 1989. Their son has been registered at the flat – near embassy buildings and Kensington Palace – since 2017. Mr Pill was paid a £7,662 relocation allowance upon starting at the Bank in 2021. He was previously a senior lecturer at prestigious Harvard Business School in the US. Laurence Turner, of the GMB, added: “It looks like he’s not living in the real world. His comments were not just outrageous and condescending, they’re hypocritical too.”