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National insurance increase set to fund social care reform - report

The government is set to raise national insurance to pay for long-term social care reform, according to newspaper reports.

The Times said Prime Minister Boris Johnson will announce plans to increase payments by one per cent – for both employers and employees – to raise around £10 billion a year.

Johnson is said to have agreed the approach in principle with Health Secretary Sajid Javid and Chancellor Rishi Sunak last week.

An announcement – originally expected this week - is now expected after the summer recess due to Johnson and Sunak self-isolating following close contact with Javid, who tested positive for Covid.

The Times said the £10 billion fund will at first be used to increase spending on the NHS but will later be called on to cap social care costs.

Johnson is said to favour a Dilnot-style cost cap in order to fulfil a Tory manifesto pledge that people would not have to sell their homes to fund later life care.

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Upcoming Events

Care Homes: Beyond COVID

National Conference Centre, Birmingham
20th September 2022

The Care Show 2022

National Exhibition Centre, Birmingham
12th October - 13th October 2022

Care Roadshows - London

Epsom Downs Racecourse, Epsom
18th October 2022

The Future of Care Conference North

Pavilions of Harrogate, Harrogate
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Cardiff City Stadium, Cardiff
15th November 2022

UK Care Week

NEC, Birmingham
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