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Audit Commission warns elderly care costs could double by 2026

The Audit Commission has issued a wake-up call to councils, warning that if care costs increase in line with the ageing population, they could almost double by 2026.

In a report entitled Under Pressure – Tackling the Financial Challenge for Councils of an Ageing Population, the Audit Commission warns that councils do not know enough about the cost implications of changing demographics.

It says: “An ageing population has a range of impacts. If care service costs simply increase with the population they could nearly double by 2026.

“Most councils don’t know enough about the costs of their ageing population, or the savings from preventative and collaborative action to take important decisions.”

The report says councils will be expected to find billions of pounds of extra savings as public spending reduces over coming years.

It urges councils to undertake work now, supported by tools and guidance given by the Audit Commission, to address the funding gap.


About turn

Speculation is rife as to whether the Tories, if successful in the general election, will reverse recent tax legislation.

Return to lender

The remortgage market is making a comeback, says Paul Thomas, but in a very different, almost European, form to the aggressive pre-credit crunch model


FSA urged to clarify cover disclosure

Association of British Insurers’ protection strategy committee chairman Richard Verdin is calling for greater clarification of the FSA’s requirements for commission disclosure on protection sold alongside investment advice.

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]


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