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06 September 2021 - Reform of social care is welcome, but how will it be paid for?
"The Prime Minister faces a bumpy ride as discussions begin about what he believes to be one of his major election manifesto pledges. The increase in social care benefits may require a rise in taxes and has been labelled as taxing the young to ensure that the old are able to cling on to their homes.
The cost of social care has rocketed as the population has aged, with relatively few of the population making sufficient allowance for the care they will need once they retire from work.
The current level of National Insurance that is paid will not come close to covering the cost of the care needs of the majority of the population.
The Prime Minister faces a bumpy ride as discussions begin about what he believes to be one of his major election manifesto pledges. The increase in social care benefits may require a rise in taxes and has been labelled as taxing the young to ensure that the old are able to cling on to their homes.
Add to that the backlogs being seen by the National Health Service, with those needing routine procedures at record highs.
"
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
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By CurrencyTransfer
5
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"The Prime Minister faces a bumpy ride as discussions begin about what he believes to be one of his major election manifesto pledges. The increase in social care benefits may require a rise in taxes and has been labelled as taxing the young to ensure that the old are able to cling on to their homes.
The cost of social care has rocketed as the population has aged, with relatively few of the population making sufficient allowance for the care they will need once they retire from work.
The current level of National Insurance that is paid will not come close to covering the cost of the care needs of the majority of the population.
The Prime Minister faces a bumpy ride as discussions begin about what he believes to be one of his major election manifesto pledges. The increase in social care benefits may require a rise in taxes and has been labelled as taxing the young to ensure that the old are able to cling on to their homes.
Add to that the backlogs being seen by the National Health Service, with those needing routine procedures at record highs.
"
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.