The Prime Minister says there is no such thing as ‘Mayism’, only ‘good, solid Conservatism’. Fine. But let’s examine just how ‘good’ and ‘Conservative’ her party’s new policy on social care is, unveiled earlier today.
The Tory manifesto says, in effect, that people who need care in old age will have to pay for every penny of it – no matter how big the costs – if they have more than £100,000 in assets, which will be protected. Payment can be deferred until after death, but there’s no escaping it. If you have a home worth, say, £216,000 (the national average), own it outright, and need to be looked after for a long time, you may have to cough up £116,000.
Will Heaven and Fraser Nelson debate the ‘dementia tax’:
Currently, it’s true, anyone with assets of over £23,250 has to pay for the full cost of their care (family homes are included in totalling assets for those in residential care).
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