Asset-rich to pay up as govt freezes LTC threshold

The move comes as the Commission on Funding and Support, headed by former Labour health minister Lord Warner, says homeowners must pay for their own LTC using the equity in their homes to create ‘inter-generational fairness'. Michelle Mitchell, director of Age UK, says freezing the threshold will ‘hit the most vulnerable' and cause ‘considerable distress', but Lord Warner says the older generation has ‘done pretty well' in building up assets and must now use them. Lord Warner says the idea of universal state provision of LTC is a ‘fantasy' and adds young people should not have to pay ...