Would a social care levy work?
We keep hearing that Andy Burnham’s government will be the most left-wing since the 1970s, when the namesake of the new chancellor promised to squeeze the rich (Denis Healey actually said ‘property speculators’) ‘until the pips squeak’. But Burnham is about to give the better-off end of the middle classes a huge handout. Rumours abound that the new prime minister is mulling the idea of a National Care Service which, like the NHS, would provide old age care which is free at the point of delivery. How will we afford the £19 billion annual cost? Burnham is reported to be considering abolishing inheritance tax and replacing it with a 10 per cent ‘social care levy’, applied to all estates.
It’s a disgrace that Ed Miliband is Foreign Secretary
Andy Burnham is comically out of touch
John Healey’s nightmare first day as Chancellor
There would be some very significant winners and losers from this policy. For those at the lower end of the........
