Symponia, is calling for the Coalition to start listening to the financial services profession who engage with the consultation paper ‘Caring for our future: implementing funding reform', which was published yesterday.
The cost of dealing with the country's ageing population will increase government spending by about 4% of GDP - or £61bn in today's terms - by the 2060s, according to government projections.
The Local Government Information Unit (LGIU) has suggested that without effective support for the 57% of older people who fund all or part of their own care (‘self funders') the entire structure of social care is at risk.
Government care cap over the heads of many according to Saga
Almost (46%) of young workers agree that older employees should retire younger as they pose a threat to younger workers' career progression, a survey from KPMG reveals.
A teenager has been given permission to take Worcestershire County Council to a full Judicial Review over the use of a Maximum Expenditure Policy
The Queen has said the hoped-for long term care legislation, through the Health and Social Care Bill, is to be passed in the 2013/2014 Parliamentary session.
There is an urgent need to assess long term care in terms of the benefits it brings, rather than its costs, if funding allocation arguments in local councils are to be won, experts have said.
Symponia has called today's social care announcement "a clever pre-budget manoeuvre to create a seemingly positive headline and divert attention away from the ailing coalition, during Budget week."
Peter Barnett examines the consequences of the Governments Long Term Care announcement