Would you pay more tax to make sure you get care in old age?
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 3 May 2019
⏱️ 57 minutes
🧾️ Download transcript
Summary
Social care is a mounting problem for Britain but the issue is a can that has been kicked down the road repeatedly.
Rather than tackle the fact that the state can't afford to care for today's elderly - let alone those that our ageing population will deliver in future - politicians have dodged and fudged.
This week a new suggestion emerged involving a hike in National Insurance contributions for over-50s.
Editor Simon Lambert, assistant editor Lee Boyce and host Georgie Frost take a look and ask: is it a good idea?
Elsewhere, we take a look the MPG figures given by manufacturers for cars and how to tell if that local shop or restaurant has really closed down for good.
Simon talks about a new flight tax concept and we reveal how to fightback against the those irritating customer service chatbots.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to This is Money in partnership with NS&I. I'm Georgie Frost and with me in the studio. |
| 0:06.4 | Today is editor Simon Lamber and assistant editor Lee Boyce. |
| 0:09.8 | And coming up, how do we cover the care costs of an ageing population? |
| 0:14.3 | Also off the back of last week's going green episode, Simon asked whether you'd be willing to pay a higher rate of tax for every flight you take, and can we ever really trust car manufacturers and their data again? Also this week, |
| 0:26.9 | how do I find out if a local business has gone bust? And sick of chatbots, being left on hold |
| 0:32.2 | and email addresses that you can't find? Well, you can fight back. Don't forget |
| 0:36.8 | you to stay up to date with all the latest |
| 0:37.9 | breaking money news, just go to this ismoney.co.uk or download the app. |
| 0:43.4 | This is Money, brought to you in partnership with NS and I, giving your little ones a head start |
| 0:49.1 | with our junior ISA. But first, how do we cover the care costs of an ageing population? That's the big issue facing |
| 0:56.6 | not just politicians, but us as a society as a whole. Well, the former Tory work and pension |
| 1:01.6 | secretary, Damien Green, thinks he may have the answer, making sure that everyone receives basic |
| 1:06.8 | care. But if you want anything fancier, well, you'll have to fork out yourself. |
| 1:15.5 | Now, it comes ahead of a long overdue government green paper, which is expected to lay out its own social care plans and put them up for public consultation. Now, a fair few issues in this, |
| 1:21.3 | what is basic care? How will even that be funded? Plus, the Conservative government has been |
| 1:26.2 | burnt by this in the past. Remember |
| 1:28.1 | the dementia attacks anyone? But first, what is the Stark issue trying to be addressed here, Simon? |
| 1:36.1 | The Stark issue trying to be addressed here is one that has been meant to be addressed on |
| 1:41.0 | numerous occasions in the past. And we've never quite got round to doing |
| 1:45.9 | whatever political hue you come from. And it is that we have an ageing population and many of |
| 1:54.4 | them will need care in later life. And the state is unable to provide that. It doesn't have enough money to do it. It doesn't have the resources to do so. Over the years, social care for older people has been shoved into the arms of the private sector. And the private sector isn't doing an amazing job of it, to be perfectly honest, |
| 2:18.7 | and you've got all kinds of problems going on where, for example, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from This is Money, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of This is Money and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.