Finance experts call for £14bn social care boost


The Chartered Institute of Public Finance and Accountancy (CIPFA) has called for a £14bn boost for social care in the Government’s Green Paper.

In series of recommendations, CIPFA called on the Government to increase the tax intake for health and social care from 22% to 24%, creating an additional £14bn in funding.

Rob Whiteman, Chief Executive, CIPFA, said: “The Green Paper is our best hope at ensuring there will be a long-term solution to the social care funding crisis. So it is vital that the government seizes the opportunity to make real and lasting change by exploring more radical funding options, including increasing the sector’s tax take.

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“No stone should be left unturned. The Government must have the courage to evaluate current spending programmes, such as the Winter Fuel Allowance, in terms of their effectiveness and question whether money could perhaps be better spent elsewhere.”

In other submissions to be made the health and local government committees, CIPFA called for the pooling of risks in order to protect individuals from high social care costs.

CIPFA also called for a review of the imbalance between an essentially free healthcare service and a largely paid for social care service.

Tags : FinanceFundingLegislation

The author Lee Peart

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