Tory peer calls for £10,000 ‘citizens inheritance’ for all 30-year-olds

David Willetts suggests policy would help spread wealth among millennials amid deepening inequalities

Ministers should hand all 30-year-olds a 10,000 citizens inheritance" amid fears a 1.5tn wealth transfer to millennials will deepen inequalities, a Conservative peer has urged.

David Willetts, who leads the Intergenerational Centre thinktank, called for the next government to implement a major new policy to spread wealth in Britain.