Social care funding once again falls short

Responding to today’s Spending Round, delivered by the Chancellor of the Exchequer, John Taylor, President of the Institute and Faculty of Actuaries (IFoA), said:

“The government has failed, yet again, to set out a long term plan for social care funding. The £1.5 billion in new funding announced in today’s Spending Round will provide little respite for local authorities, falling well short of the funding needed to properly address the long-term sustainability of the system.

“The social care green paper, hailed as the blue print to fix the system, was due to be published over two years ago. It has been pushed back several times and there’s still no commitment to its publication. We would urge this government to provide and stick to a realistic timetable to address the deep-seated issues in the social care system.”

~ENDS~

Contact

Sonia Sequeira, Media Relations Manager, IFoA

Tel: 07525 592 198

Email: sonia.sequeira@actuaries.org.uk

About the Institute and Faculty of Actuaries

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