Middle-aged couples in large homes should be encouraged
to sell up and downsize to smaller properties to “benefit” society, a minister
has said. Lord Newby, a Liberal Democrat minister, said that more than half of
people aged over 55 years old had spare rooms and suggested the Government
should take action to help them move. He pointed to Government trials in which
taxpayers’ money had been used to help cover the costs of moving and to help
arrange mortgage financing for so-called empty nesters. Read more on the Daily
Telegraph website.
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