Debt Financing and Social Care
By Rachel Emmerson (left) and Abbey Watkins (right), accountants at Kreston Reeves (www.krestonreeves.com) Debt financing in the social care sector has come under considerable scrutiny…
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Finance
Ombudsman Issues Guidance on Care Finance Decisions
The Local Government and Social Care Ombudsman has issued guidance to councils on the often-complex issue of Deprivation of Capital decisions. Based on lessons from…
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Six In 10 Over-45s Support Capping Care Fees, Just Group Care Report 2021 Reveals
More than six in 10 (61%) over-45s favour the government introducing a cap on the amount of money that people needing later life care are expected to contribute before the State steps in to pick up the bill.
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Supreme Court Ruling Could Save Care Homes “Retrospective” VAT Charges
Organisations including care homes that have used leaseback arrangements will not be subject to retrospective VAT charges, a Supreme Court has ruled, which means that…
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Local Services Will Continue To Decline Until Government Tackles £5 Billion Funding Gap
Decade of funding cuts and uncertainty over financial settlement for 2020/21 has left council services at breaking point Social care system on verge of collapse….
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Thursfields Highlights End of ‘Double Recovery’ Care Costs Dispute
Local councils should no longer take personal injury settlements into account when deciding whether to pay for the care of severely disabled people, according to…
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LGA Responds to Cost of Care Research
Responding to research by Prestige Nursing + Care showing that the average annual cost of a care home in Great Britain has increased by 9.6%…
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Half of UK Workers Aged 40-64 Won’t Have Enough Money to Retire
Half of all workers aged 40-64 – nearly eight million people – do not expect to have enough money to stop work and retire when…
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Government Extends Suspension Of Minimum Wage Enforcement In The Social Care Sector
The government has announced a further one-month suspension of minimum wage enforcement concerning sleep-in shifts in the social care sector to minimise disruption to the…
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Bupa Set to Sell Up to Half its Care Homes in £450 Million Deal
Healthcare group, Bupa, is set to sell almost half of its care homes in a deal that is expected be in the region of £450…
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Care Home with Views of Windsor Castle Celebrates Milestone
Care UK, has moved a step closer to delivering a new care home in Windsor, with a ‘topping out’ ceremony held on site to…
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New High Quality Edinburgh Care Home in £3M Crowdfunding Raise
A brand new high quality care home for the elderly in Edinburgh, established by Care Concern Group, is raising £3million from investors through Downing Crowd,…
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Record High Pension Freedom Payments Highlights The Need For Vigilance, Today And Tomorrow
New HMRC figures show that the pension freedoms payments have more than doubled from Q1 to Q2 2016 Aviva insight, however, shows the need for…
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One Year On: Pension Minister Ros Altmann Is ‘Failing Pensioners’
Baroness Ros Altmann, the British government’s Pension Minister, has “failed this and future generations of British pensioners and pension savers” claims the chair of a national pensions…
Read more...New Report Reveals Older Pensioners Living On Low Incomes
Pensioners aged 75+ are thousands of pounds a year worse off than both younger ‘Baby Boomer’ pensioners and working age adults. Meanwhile, those aged 75+…
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