Elderly should sell homes to fund care, says aide to Theresa May

Controversial proposal would result in families using some of children’s inheritance as parents live longer

Theresa May’s policy chief has suggested that people with valuable homes who face high social care costs in old age should downsize or re-mortgage to cover their bills, the Observer can reveal.

Director of policy John Godfrey has suggested that over the next 10 years the solution to the social care crisis lies in people selling up or releasing some of the equity in their property.

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