Press release
A Cautious welcome to Dilnot
Lyn Perrett , Director at The Right Equity Release commented “we are broadly in agreement with the report and welcome any true initiative that both clarifies and updates the social care funding system. We do though have to be mindful that these are only recommendations and wait for the Government’s response.”
“It has been obvious for a while that the State would not be able to fully fund long term social care at the same levels in the future. With an aging population it was never going to be sustainable. We do believe that the recommendations outlined in the report are both sensible and proportionate in the current economic climate. Increasing the means tested thresholds from £23,000 to £100,000 for those in residential care whilst also introducing a £35,000 cap on contributions to social care is very considered.”
“There is a cost to all of this and it will be interesting to see the Government’s reaction in the White Paper which is due out at the end of the year. Some commentators have estimated the cost of the £35,000 cap at £1.3bn alone. However cost should not be used as an excuse at such an important time.”
“We believe that Equity Release will have an important role moving forward to help people in their own provision of care. It is imperative that the consumer is aware of all the options that are open to them apart from State help. Equity Release lenders have been looking at innovative ways in which to help and the flexibility in the products now is excellent.”
“The key to getting these changes through will be cross party support and we hope that all concerned will consider the ramifications of doing nothing. This is not an option as change is very much needed.”
Therightequityrelease.co.uk is a hub of equity release information on the plans and benefits of equity release. Our service to senior citizens also includes providing equity release solutions that can help you overcome any hitches in the paperwork.
Robert Brennan
The Right Equity Release
24The Lea Kidderminster,
Worcestershire DY116JY
United Kingdom
Email : info@therightequityrelease.co.uk
Call Now : 0800 6125749
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release A Cautious welcome to Dilnot here
News-ID: 187985 • Views: …
More Releases for Government’s
Government’s Plug-in Car Grant reduction will hit EV popularity
The Government’s announcement to reduce the Plug-in Car Grant in the UK will hit the popularity of leasing an electric car – just when more drivers are looking to make the switch.
The new rules will see those vehicles costing less than £35,000 being eligible and the grant has been reduced from £3,000 to £2,500.
The move will now see one of the UK's most popular electric cars, the Tesla Model…
ePC retain place on the UK government’s G-Cloud framework
Lightwater, UK, 2 July 2019 – ePC (www.epc.co.uk), a leading provider of automated data capture and BPM software, today announced it has retained its place on the latest iteration of the G-Cloud framework, G-Cloud 11.
Operated by the Crown Commercial Service (CCS) on behalf of the UK Government, the G-Cloud framework is an initiative aimed at streamlining the procurement of cloud services by public sector organisations.
The framework is divided…
The US Government’s Ban on Huawei Mobiles Creates a Massive Stir
On May 15th, the US President Donald Trump announced that the country was placing a ban on one of the largest mobile conglomerates of the world, Huawei. This comes as a result of the ongoing trade wars between the US and China, the country that manufactures the mobile devices in question. They have also been alleged of hacking into the USA’s security systems and posing serious threats to its overall…
Brazil 3PL Market: Government’s Push on Infrastructure Development Stokes Grow …
"The Report 3PL Market in Brazil 2016-2020 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"
MarketResearchReports.biz has recently added a report, titled, “3PL Market in Brazil 2016-2020,” to its offering. The report throws light on the different aspects of the market for 3PL, short for third-party logistics, to understand its prospects going forward.
A third party logistics company deals with shippers…
3G & 4G Business Reports & Government’s National Broadband Plan Revenue Growth
Albany, New York, January 23, 2017: Market Research Hub has recently announced the addition of a new report to it broad database titled as “Panama: 4G Network Expansion and Government’s National Broadband Plan to Drive Data Revenue Growth”. The latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the Telecommunications market in Panama.
Request for Sample Report: http://www.marketresearchhub.com/enquiry.php?type=S&repid=928294
In 2016, Panama was the third largest telecom…
Power Solutions And Jobs Need To Be Top Of SA Government’s Agenda
President Zuma in his State of the Nation address on 12 February 2016 elaborated on how progress has been made to stabilize the electricity supply in the last year, which included the investment of R194 billion in the Department of Energy’s (DoE) Renewable Independent Power Producer Programme (REIPP Programme).
The DoE has shown its support to developing this sector through its REIPP Programme, which has been very successful in electricity…
