“Tragedy” as Labour axe cap on social care costs in £1 billion blow to elderly | Personal Finance | Finance
A decision by the Chancellor to axe plans for a cap on social care costs has been condemned as a “tragedy” and “devastating”.
Rachel Reeves announced the cancellation of cap on Monday, alongside a swathe of other spending cuts, in a bid to save £1.1 billion.
The net effect is that this cost will now be carried by elderly people who need nursing care and their families.
Sir Andrew Dilnot, whose government-backed commission proposed a cap on social care costs, described the changes as…
