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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

The Care Show 2021

Birmingham, NEC
13-14 October

Care Roadshow- London

London, Epsom Downs Racecourse
19th October 2021

Care Roadshow - Cardiff

Cardiff, Cardiff City Stadium
9th November 2021

Future of Care North

Pavilions Of Harrogate, Railway Road, Great Yorkshire Showground, Harrogate, HG2 8NZ
16th November 2021

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