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The Guardian - UK
The Guardian - UK
Politics
Robert Booth Social affairs correspondent

Tory peer calls for £10,000 ‘citizens inheritance’ for all 30-year-olds

David Willetts Millennials IFS
Young woman looks at her phone.
While inheritance transfers are set to rise by a third, one in 10 millennials are set to get nothing. Photograph: Ziga Plahutar/Getty Images

Ministers should hand all 30-year-olds a £10,000 “citizens inheritance” amid fears a £1.5tn wealth transfer to millennials will deepen inequalities, a Conservative peer has urged.

David Willetts, who leads the Intergenerational Centre thinktank, called for the next government to implement a major new policy to spread wealth in Britain.

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