Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Inheritance should go directly to grandchildren to help ease housing crisis, says housing minister

'I've got a nice home', says Gavin Barwell

Jon Stone
Monday 10 October 2016 07:29 BST
Comments
Houses
Houses (Gareth Fuller/PA)

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

A Tory minister has suggested a new way to help tackle the housing crisis - grandparents should hand their inheritance directly to their grandchildren to help them buy their first home.

Gavin Barwell, the housing minister, said the idea would help combat inter-generational unfairness, according to the Daily Telegraph.

Mr Barwell revealed his mother would be leaving her estate and home to his sons.

"There is a job here to make very strongly the moral case to people about why these homes are needed.

"There is a profound inter-generational unfairness that has been created by this policy over a number of years.

"I have got a nice home, I have got three kids and my mother has just disinherited my brother and I in order that she can pass her assets on to her five grandchildren. They will be OK," he said.

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.

Rich getting richer

"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."

Mr Barwell's comments follow controversial claims he made at the Conservative Party conference that private housing developers should build homes with smaller rooms that do not meet existing minimum space standards so that young people can afford to buy them.

Barwell told the Conservative conference in Birmingham that he wanted the private sector to “innovate” to solve the housing crisis and that relaxing the rules on how cramped a flat can be might stop young people from being priced out.

The minister said that although most people “given the choice” would like to live in a reasonably sized home, this might not be possible for young people.

Tory homes minister says building social housing increases inequality

“We also want people to innovate – there are things the private sector is doing,” Mr Barwell told a fringe event.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in