Britain’s social contract between the generations is in peril and requires radical action, according to the final report of the Intergenerational Commission, a panel of experts organised by the Resolution Foundation think-tank.
After an exhaustive, two-year examination of young Britons’ strained living standards and the elderly’s concerns about health and social care, the commission recommended a £10,000 “citizen’s inheritance” for 25-year-olds to help them buy their first home or reduce their student debt, lower stamp duty for people moving home and billions more spent on health in a report published on Tuesday.
