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In full: Boris Johnson makes tax rise and social care announcement in Commons

Telegraph, 07 Sep 2021
Boris Johnson has announced a 1.25 per cent tax hike to fund landmark reforms of England's adult social care system and a backlog of NHS appointments.

Tuesday’s announcement, which is the biggest shake-up of social care in decades, will provide means-tested social care funding for people with assets between £20,000 and £100,000 for the first time.

People with savings of more than £23,250 currently receive no support from the Government to pay for the cost of social care.

Those with savings of less than £20,000 will receive fully-funded care, while those with savings between £20,000 and £100,000 will be given partial support.

No one will be required to pay more than £86,000 for social care in their lifetime, under a new cap introduced from October 2023.

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