The average house price in the city was £528,459 at the end of last year, compared to a national average of £271,000.
The gaffe prompted criticism from top Tories, including Lord Goldsmith of Richmond Park, who said it was “one of the strangest – and stupidest – things I’ve ever heard from a politician”.
Jake Berry, the chairman of the Northern Research group of Conservative MPs, accused Mr Sunak of “boasting[ing] about trying to direct vital investment away from vulnerable areas”.
“He says one thing and does another – from raising taxes to trying to block funding for our armed forces and now levels up,” he said.
Sunak told The Telegraph that the furore was “very, very straightforward to clear up” and that there was “no problem at all” if the public scrutinized his record in government.
“What it was about was the way the government identifies areas that are held back and then allocates funds according to need, and the way they did it until recently was very outdated and it didn’t reflect the actual need in areas,” he said. .