The family’s financial problems increased with social assistance reform pushed aside again

How Brazil is reforming a public fund to finance broadband expansion

The average cost of just an hour’s care in our homes coming in at £20, a week’s live-in support ranging from £650 to more than £1,600, and a room in a nursing home averaging £840 or more, according to the NHS. That wait, the financial world warned this week, will be as financially crippling as ever, especially in the wake of a pandemic that has battered incomes across the country. Despite widespread assumptions across the generations that the state will cover these costs, the truth is that only those with less than £23,250 in savings will get help. That could include assets held in property if you need residential care, though no one will be required to leave and sell their home to cover costs if they are being cared for at home.

Held in the hand of a woman who will never have to worry about the cost of her own or relatives’ care were nine vague words that suggests the rest of us have another agonising wait for state support. Nowhere was that more evident than the minute statement on a subject that will affect the vast majority of us – social care

Recommended But the centrepiece of the centuries-old ceremony was a speech that set the tone for what we mere mortals should expect, and not expect, from a government dedicated to boosting the coffers of the armed forces in the face of undefined threat for example, but not, as we already know, the wages of NHS staff fighting a very present danger.

“But Theresa May’s tenure in office showed it is a poisoned chalice, and no doubt it is the cost of fundamental reform that has influenced the prime minister to kick the can down the road,” says Griffin. “The Dilnot Commission, for example, calculated that their proposals would cost an additional £3bn a year by 2020-21. Whatever the solution eventually is, it will be expensive and a cost the chancellor will be looking to avoid for as long as possible.” The government promised in its 2019 manifesto that it will seek cross-party consensus on proposals for long-term reform of social care, with the express aim of ensuring that nobody needs to sell their home to pay for the costs.

“Once again, social care changes have been promised by the government but fundamental reform has been kicked even further down the road.” “The current system of social care funding is widely acknowledged as being unsustainable, yet proposed solutions have been few and far between from successive governments,” says Rachael Griffin, tax and financial planning specialist for Quilter. 

The News Highlights

  • The family’s financial problems increased with social assistance reform pushed aside again
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Anker’s latest and cheap wireless earbuds boast on noise-cancelling

Anker’s latest cheap wireless earbuds boast about noise-cancelling and in budget

The Anker Soundcore Life P3 cost just $79.99 / £79.99 (about AU$100), but come with active noise cancellation, long battery life, and an IPX5 water ...
FaceTime, sharing, smarter alerts, and more are all included in iOS 15

In iOS 15 and other devices, Apple introduces additional privacy options

At a virtual keynote address on Monday during WWDC, its annual developer’s conference, technology giant emphasized that new sharing features in apps like ...
Westport business ready to reopen needs employees |  News

Westport business ready to reopen needs employees | News

After closing each of their establishments because of COVID, they laid off all their employees, which McZee says about 80 percent came back. McZee is no ...
Back 4 Blood by Warner Bros. might be available on Xbox Game Pass from day one

Back 4 Blood by Warner Bros. might be available on Xbox Game Pass from day one

Warner Bros. Interactive and Turtle Rock Studios’ Back 4 Blood could be coming day one to Xbox Game Pass for console and PC. VIDEO LISTING REPORTEDLY ...
Google Gives Green Flag for Release of its Dark Mode Feature

Five antitrust bills have been filed against Amazon, Apple, Facebook, and Google

The bills are aimed at the four tech titans, which collectively influence almost every aspect of online life, as well as the broader industry. If eventually ...
Public Health Emergency Order No. 20-17a

Public Health Emergency Order No. 20-17a

WHEREAS, on October 20, 2020, Central District Health (“CDH”) reissued an order “Order of the District Board of Health Central District Health, State of Idaho” ...
Now is your chance to get a free month of Paramount Plus

Now is your chance to get a free month of Paramount Plus

Paramount Plus most recently offered a week-long trial — now’s your chance to get a whole month The service should automatically apply the coupon code for ...
Myrtle Beach Business Owners Plead Not Guilty in Federal Visa Fraud, Money Laundering Case

Myrtle Beach News Owners Plead Not Guilty in Federal Visa Fraud, Money Laundering Case

Authorities have identified several dozen victims, but they believe there are more out there. Officials said many victims are from Jamaica and the Philippines, ...
Apple stamped Trump’s request to secretly collect data on two members of Congress

Apple stamped Trump’s request to secretly collect data on two members of Congress

Apple didn’t even know it was handing over the records of Congressman Adam Schiff (D-CA), then the ranking member of the House Intelligence Committee, it ...
Indiana Health Authorities Closing State Virus Test sites

Indiana Health Authorities Closing State Virus Test sites

Close Modal Get WGN’s latest coronavirus news headlines Suggest a Correction The 14-month partnership with OptumServe, a division of insurance ...
Show next
Compsmag - Latest News from tech, business and health
Logo