Pay all UK 25-year-olds a £10,000 inheritance, says thinktank

IPPR suggests government could create a citizens’ wealth fund to help address inequality

All UK-born citizens should be given £10,000 as a “universal minimum inheritance” when they turn 25 to help address growing wealth inequality, a thinktank has proposed.

Tax reforms and a selloff of assets including the government’s stake in Royal Bank of Scotland could help create a citizens’ wealth fund worth £186bn by 2029/30, the Institute for Public Policy Research (IPPR) said.

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from The Guardian https://ift.tt/2Iknhay