Banks says whoever wins the next general election should impose the tax increase and ensure it is ring fenced for elderly care.
He says: “What is required is a bold move by whoever forms the next Government. We will need accountability of how that money is spent which will require a new government department and ministry.”
Banks says social care is a bigger issue than party politics, adding: “The main parties should put their squabbling over care for the elderly behind them. They all have their own agendas and they are usually conflicting.”
Last week the Audit Commission warned that if care costs increase in line with the ageing population, they could almost double by 2026.