The more I think about it the more I honestly don't think the Government can fund the current social care proposal.
If there are 1m elderly people receiving full time care either in their own home or care home that's an average £800 per week per person = £800m a week = £42bn per year. Remember additional care money also has to spent on people with no assets and on non elderly care too.
The 1m are my guess of the number of people who have spent £86k on care already or will after say 3 years of care support.
Of course the numbers are growing all the time as people live longer, but are suffering more and more from dementia type conditions.
I know its unfair that people who have saved all their lives have to use them 100% and people who have saved nothing and not bought a property have everything paid for, but the current proposal looks unworkable, The recent change does feel like a big gift to people with significant assets, say over £300k.