After 2 1/2 years in power and with only 2 1/2 years left before the next election, the Government is once again beginning to think about the Grey vote.
Before the last election, there was a feeding frenzy of discussion, argument and false hope politicians promises about the future funding of long-term care. (Click on “DILNOT” in the TAG CLOUD to read more).
The Conservatives had a very simple and simplistic idea of a voluntary insurance for a mere £8,000. That looks like quite a bargain compared to what they are now proposing. The Labour Party had an equally interesting alternative of a £20,000 charge levied when you die, but this was quickly dropped when it became labelled the death tax. Both ideas were useful conversation pieces for TV debates and to capture some votes, but neither stood up to any proper evaluation nor the test of time.
After the election, the Coalition Government commissioned Andrew Dilnot to find a better idea. Some time later he came up with an answer which cost money and they didn’t like that either. So they all sat on a toadstool and thought for a while – and then they thought some more. Until one day they realised that there would be another election soon and they needed to come up with a proposal. A magical pot of gold at the end of a mythical care rainbow. So the Chancellor thought about “Dilnot Lite”. A new idea but with less Government money.
To the politicians this seems like a very good idea because it looks like they have finally made a decision. In practice it will leave most people paying what they would have paid before.