UK Parliament / Open data

Housing and Planning Bill

Is there not an issue of fairness and social equality here? It was reported today that 25% of the funding for first-time buyers comes from mum and dad—the family. Is it not unfair that if an individual has wealthy parents, their parents can cascade that wealth to them? This policy, under a Conservative Government, will spread the wealth and enable people on modest incomes not to have to rely on the bank of mum and dad to buy their first home.

Type
Proceeding contribution
Reference
609 c90 
Session
2015-16
Chamber / Committee
House of Commons chamber
Subjects
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