Chancellor Phillip Hammond announced a further £2bn for social care funding as well as a Green Paper on social care. Fiona Murphy rounds up post-budget views from financial services.
How to fund long-term care has been a question that has proved tricky for successive governments. Currently, care costs are unlimited for individuals meaning that many pensioners requiring care need to sell their homes to fund huge costs. Under Labour we have seen the Royal Commission on long-term care for the elderly in March 1999 and the Wanless review's Securing good care for older people in March 2006. The coalition government set up the Dilnot Commission's Funding of Care and Support review in 2010. The Dilnot Commission's central recommendation was for individuals to pay...
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