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Downing Street criticises housing minister over inheritance comments | Downing Street criticises housing minister over inheritance comments |
(35 minutes later) | |
Downing Street has slapped down the housing minister after he suggested grandparents should give inheritance straight to their grandchildren to help ease the housing crisis. | Downing Street has slapped down the housing minister after he suggested grandparents should give inheritance straight to their grandchildren to help ease the housing crisis. |
After Mr Barwell said the move could help alleviate “a profound intergenerational unfairness”, a No 10 spokesman dismissed the idea. | |
The spokesman said: “These were personal comments made by Gavin Barwell at a fringe meeting at the conference, it’s certainly not a policy announcement. | The spokesman said: “These were personal comments made by Gavin Barwell at a fringe meeting at the conference, it’s certainly not a policy announcement. |
“What’s important here in terms of Government policy is that we build the right number of homes in this country to meet the rise in need.” | |
He added: “What people do with their estates, is an issue for them. It’s not for the Government to dictate people how to complete their wills.” | |
At the Conservative conference, ministers pledged £5bn of public money to increase housebuilding after Theresa May called for an end to the UK’s “homes deficit”. | |
Ministers will set aside £2bn of new public borrowing to fund an Accelerated Construction Scheme to make public land with planning permission available to builders. | |
Meanwhile a £3bn homebuilding fund using previously announced cash will provide loans to stimulate new building projects where finances are tight. | |
But at a fringe meeting Mr Barwell revealed his mother would be leaving her estate and home to his sons. | |
Asked if others should think about transferring wealth this way, he said: “Yes, absolutely. Generally in life we all like to think that our children are going to be better off than us. | |
“In terms of life expectancy and new technology, they are going to be. | |
“But at the moment as things stand they are less likely to own their own home and we need to do something about that.” |
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