Last week, I gave my view on an article in the Financial Times in which Andrew Dilnot, the Chair of the Commission on Funding of Care and Support, called for David Cameron to override Treasury opposition to his proposed reforms.
The story has progressed this week with Andrew Dilnot claiming victory for his reforms in an interview with New Model Adviser.
As a care fees specialist at Ashcourt Rowan I believe it will be good news if the prime minister is in favour of the reforms as it will mean they are more likely to happen and people can start planning for their future.
However, the proposed cap of £35,000 doesn’t include ‘hotel’ costs, the bed and board element, which will be a big chunk of what will actually be charged. I can see a compromise happening with a rise in the cap to, say, £60,000 which has been rumoured. This is a substantial cost for most people, but any form of cap has to be seen as progress for those worried about an open ended expense.
You can read the full report from the Commission on Funding of Care and Support here.