Theresa May reportedly considering higher long-term cap of £85,000

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Theresa May reportedly considering higher long-term cap of £85,000

Theresa May is reportedly putting long-term care at the heart of the Conservative manifesto so that pensioners will not have to pay more than £85,000 for their social care costs, according to reports today.

The Times has reported that John Godfrey, Downing Street's policy chief, is understood to have recommended that the cap should be set between £80,000 and £85,000, with a timetable for its introduction to be set out. Under the former prime minister David Cameron, the government had initially pledged setting the lifetime cap on care costs at £72,000, but the implementation of this was kicked into the long-grass until at least 2020. Right now, people with savings or assets of more than £23,250...

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