Budget 2018: Chancellor pledges £650m boost for social care

'Sticking plaster measure' - Aegon

Sophie King
clock • 1 min read

Chancellor Philip Hammond has revealed an additional £650m boost for local authorities for social care - though some commentators dismissed it as little more than a "sticking plaster measure".

Speaking this afternoon (29 October), Hammond said: "There will be another £650m of grant funding for English councils for 2019/20 and an additional £45m for the disabled facilities in England in 2018/19." He also pledged a further £84m over the next five years to expand children's social care programmes to 20 further councils. Aegon pensions director Steven Cameron suggested the £650m commitment would offer "some relief to councils struggling with ever increasing demands" but amounted to "little more than a temporary, sticking plaster measure". He added: "We urgently need concrete...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Wealth advisers urged to 'stand out' and up protection services

Wealth advisers urged to 'stand out' and up protection services

Knowledge of both sides ‘makes a massive difference’

Isabel Baxter
clock 28 January 2025 • 4 min read
Training course launched for wealth advisers to address protection gap

Training course launched for wealth advisers to address protection gap

‘It is crucial to engage wealth advisers who have withdrawn from protection post-RDR’

Isabel Baxter
clock 17 January 2025 • 2 min read
The family tree: Protection through the generations

The family tree: Protection through the generations

Protection needs during different life stages

Gregor Sked
clock 04 December 2024 • 4 min read