Chancellor leaves LTC out in the cold

Professional Adviser
clock

The Spending Review has not earmarked any State money for LTC funding

Chancellor Gordon Brown has failed to include long term care (LTC) funding in his recent Spending Review ' adding to the growing funding crisis faced by elderly people in need of care. Although the review promised a 7.3% increase in overall health spending, Brown ignored the increasing numbers of care homes facing closure and failed to earmark State spending for LTC costs. The charity Help the Aged condemned the move: 'The crisis in care for older people has been ignored by the Chancellor. The chronic underfunding of social care has led to a haemorrhaging of long term care places and a ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •