A Conservative MP has suggested people could “incentivise granny annexes” to save money amid the cost of living crisis.
Speaking in the Queen’s Speech debate on making Britain the best place to grow up and grow old, former minister Jackie Doyle-Price said the government should be “encouraging people to make better use of their housing asset for the whole of their family”.
She told MPs: “We can incentivise granny annexes, we can make sure that young people have got some hope by having greater access to the wealth in their parents’ home.
“And I tell you, if we can do that, we will actually save money in the health service because unnecessary hospital stays are much more expensive than dealing with the little inheritance tax problem, which might unlock some investment.”
Granny annexes are traditionally a portion of a house sectioned off from the rest, with a self-contained living area including a kitchen and bathroom. They may also be separate from the house and built in…
