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Social care hit by ‘perfect storm’ as costs balloon by £3.7bn

Sumary of Social care hit by ‘perfect storm’ as costs balloon by £3.7bn:

  • The new lifetime spending cap will also be based on some, but not all, of people private contributions towards care, rather than on their total costs.
  • Prime Minister Liz Truss is being urged by the County Councils Network to follow through with a promise of more spending on adult social care over the next two years – though she has vowed to abolish the National Insurance rise meant to fund the new Health and Care Levy.
  • Today, new Health Secretary Thérèse Coffey is due to lay out plans for the NHS and social care this winter, while on Friday the Chancellor Kwasi Kwarteng will hold a mini-Budget expected to cover taxes and support to get people through the cost of living crisis.
  • However, experts say there is a flaw in the plan and that poorer people could still spend most of their assets including their home if they need care, while the better off would forfeit a relatively small chunk of their wealth.

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