Burnham says care service may require tax rises if pension savings fall short
Andy Burnham said the proposed National Care Service may require tax rises if changing the state pension triple lock does not raise enough money. The plan, presented at Labour’s conference, would provide care free at the point of delivery and is intended to ease pressure on the NHS, but its cost and funding remain uncertain.
Burnham said the pension change would release more money over time and that the service could be introduced gradually; he suggested 2040 would be too late. The Institute for Fiscal Studies estimates savings from changing pension uprating could range from £4 billion to £20 billion a year by 2040, and could be zero in 2034–35. The proposal covers personal care, while people may still need to sell their homes to pay residential costs; the IFS says tax rises or spending cuts would be needed to fund any shortfall.
- Burnham says social care may need tax rises.
- The triple lock change may not fund the plan.
- Residential care costs could still require people to sell homes.
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Originally published by Daily Mail as “Big state… bigger tax! PM admits axing state pension ‘triple lock’ might not cover cost of his new social care scheme – and people will still have to sell their homes”.