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Paul Burstow: LGA must boldly seek solutions to care's cash crisis


Get rid of inheritance tax threasholds with all the wasteful estate planning and avoidance that goes with it, then introduce a 20% tax on 100% of any inherited wealth including trusts etc and ring fenced it to social care which is free at the point of use at a basic level. People could then if they wish fund insurance or equity release on assets to top up the basic provision if they wish to a higher standard of care. NHS hospital trusts could be instructed to develop in house run care homes and home care locally with staff paid well and trained, and the private sector could compete on quality and price for those self funding by topping up a basic care allowance paid if they qualify for care but do not want to use the free nhs service and wish to top the allowance up. Care for people with learning difficulties and mental health should be in the nhs budget. This has the advantage of universal provision removal of profit margins and costs for state funded care gets rid of charging and co payments builds supply side capacity a fair tax funded approach sustainable encorages insurance and self funding by topping up basic provision cuts out commissioning costs and pressure on LA budgets takes away fear for people worried about the future for their care and the financial future of their children

Posted date

28 June, 2018

Posted time

11:09 pm