Brokenshire rebuked after saying young people should be allowed to dip into pensions to buy homes

During the speech at the Policy Exchange, Mr Brokenshire said:"We should be looking at allowing an individual to use part of their pension pot as a deposit on a first-time home purchase.

"And it is, after all, their money. Not the fund's, not the state's, it's yours and the next Conservative government should free that capital up, and trust the individual to make the choice for themselves."The DWP said automatic enrolment has been a "huge success", with more than 10 million workers saving for retirement

A Number 10 source said Mr Brokenshire was presenting an idea as part of the Conservative leadership race and not a formal policy.

The prices of homes in the UK is astronomical. For young people to have access to their state pensions to buy a home is mortgaging their lives to the state with nothing for their future. Pandering to immediate gratification with no regard to future well being is moronic!

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