4.2 • 804 Ratings
🗓️ 7 August 2024
⏱️ 29 minutes
🧾️ Download transcript
A new government has taken office so what might that mean for the financial issues you've told us you care about?
A big topic you got in touch with us about is the cost of care in old age.
Unlike NHS services, social care is not free at the point of use and a place in residential care costs around £60,000 a year according to carehome.co.uk. The bill can go up enormously for anyone who needs extra support. Plus it's a devolved issue with different rules depending on where you live.
A cap limiting the cost of personal care to £86,000 per person over a lifetime is due to come into force in October 2025 in England but will this still be the case?
Felicity Hannah is joined by Nadra Ahmed from the National Care Association, which represents care homes and Simon Bottery, Senior Fellow in Social Care at The King's Fund, which is an independent think tank, specialising in health.
Presenter: Felicity Hannah Producer: Sarah Rogers and Immie Rhodes Editor: Jess Quayle
(First broadcast at 3pm on Wednesday July 10th 2024)
Click on a timestamp to play from that location
0:00.0 | You are about to listen to a BBC podcast and I'd like to tell you a bit about what goes into making one. |
0:06.5 | I'm Sadata Sese, an assistant commissioner of podcasts for BBC Sounds. |
0:11.2 | I pull a lot of levers to support a diverse range of podcasts on all sorts of subjects, |
0:16.0 | relationships, identity, comedy, even one that mixes poetry, music and inner city life. |
0:22.4 | So one day I'll be helping host develop their ideas, the next fact-checking, a feature, |
0:28.3 | and the next looking at how a podcast connects with its audience, and maybe that's you. |
0:33.6 | So if you like this podcast, check out some others on BBC Sounds. |
0:39.5 | BBC Sounds, music, radio podcasts. |
0:43.1 | Hello, a new government has taken office. |
0:45.6 | So what might that mean for the financial issues you've told us you care about? |
0:50.1 | Over the next few weeks, the Moneybox Live podcast is going to take a look. |
0:53.9 | And there was one issue that loads of you emailed about in the run-up to the election. |
0:58.7 | It was the cost of care in older age. |
1:01.8 | The sums of money are absolutely eye-watering. |
1:04.7 | And this year, we're just in the black, but there's not much in it. |
1:09.3 | Your particular bugbear was the question of who |
1:12.0 | should pay, because unlike NHS services, social care is not free at the point of use, |
1:17.5 | and a place in residential care costs around £60,000 a year. But the cost goes up enormously |
1:23.2 | for anyone who needs extra support. In just a few years, residential care can drain away a lifetime's worth of savings. |
1:31.2 | I've worked all of my life, not gone to bingo, not gone out drinking, smoking, saved my money for my home and my child won't benefit from it. |
1:43.3 | Today we'll break down those costs. |
1:45.6 | We'll look at the rules around who pays what and ask what a new government could do to act |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.