UK. Minister’s ‘pension for homes’ idea sparks government row
James Brokenshire said people who had saved into occupational pensions should be free to spend the proceeds when they wished on their first home.
He said using it on a deposit could be a “genuine route” to home ownership.
But it is understood the Department of Work and Pensions (DWP) has complained to No 10 about the proposal.
A departmental source said it could not support the idea “because the evidence shows it will be risky and does not help the people it intends to help”.
In a wide-ranging speech in London, Mr Brokenshire called for a new approach to revive the dream of home ownership for younger generations as part of what he said was a “new contract for a modern Britain”.
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