I broke and clicked the link to the Johnson article:
It all makes complete sense now:
A little bit more cash from a grandparent’s will: it could make all the difference in the world. It might allow a young couple to put down a deposit on a flat that would be otherwise out of their reach; it might help with the cost of childcare, and allow parents to go out to work. It might be absolutely crucial for exactly the hard-working people who need it most. (my italics)
I thought it was odd that Johnson is only 59 and his father is still alive, yet he talks about millennials and Gen Z benefitting. However he has decades of school fees ahead for his second family(s) at a time when his first family might need money for mortgage deposits, so how better to promise them support than from an inheritance from a grandparent?
Except even a large amount of money isn’t much when shared between many people. That 50% tax cut could really make a difference. Won’t somebody think of the Johnson’s?