Can the Treasury combine deficit reduction and reform of social care funding?

Can the Treasury combine deficit reduction and reform of social care funding
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Date/time
Date(s) - 26/06/2012
4:30 pm - 6:30 pm

Location:
House of Commons


Date and time: 16.30-18.30, June 26th 2012

Location: Committee Room 18, House of Commons

Over the next 10 years, population ageing means that public spending on social care and disability benefits will have to increase by £11 billion from 2010 levels, just to maintain current – inadequate – levels of support.

While trying to eliminate an unprecedented structural deficit in the public finances, the Treasury must also therefore find billions of pounds for a system of care funding that is already cut to the bone of what is socially acceptable, with unmet need and suffering widespread.

However, there is now universal consensus that the current means-tested social care system must be replaced with a fairer partnership between individuals and the state, that will ultimately cost the Exchequer more.

To meet this challenge, the Treasury and social care stakeholders will have to work together to prepare public opinion for the difficult menu of tax and spending changes that will be required as the country adjusts to a higher proportion of national income being spent on care and support.

In order to understand this challenge, this event will explore:

  • What will be the cost of the social care system to the public purse over the next decade?
  • What are the funding options for driving new money into the social care system, whether from existing public spending or new sources of revenue?
  • Can the deficit reduction strategy include reform of care funding?
  • How can the Treasury and social care campaigners work together to prepare public opinion for the difficult trade-offs required for reform of social care funding in England?

Speakers at this event comprised:

  • James Lloyd, Director, The Strategic Society Centre
  • Paul Johnson, Director, IFS
  • Anita Charlesworth, Chief Economist, Nuffield Trust and former Director of Public Spending, HM Treasury
  • Caroline Abrahams, Director of External Affairs, Age UK

The event was chaired by Barbara Keeley MP, Chair of the APPG on Social Care.

Download the slides: Can the Treasury combine deficit reduction and reform of care funding – Slides

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