RE: Brent back to $75. How much longer can the market21 Sep 2021 18:30
licker,
At the risk of boring everyone else on this threat (please forgive the off topic), I would like to give you and your other mate some insights, If I may.
I have worked in the care field (care homes), as a regional sales manager for about six years, until two years ago.
I hated the job, hence have since left, despite an attractive remuneration package.
The reality, until that said two years ago, was that if you had assets above £23,250, you were deemed a "self funder".
That sum would typically include (but not always, depending on who had property rights) your five bedroom house, yacht, antique car collection, gold bullion, cash, diamonds - just the usual stuff most of us own........I am sure you get the idea!
It would also mean that if you were of somewhat more limited means, as perhaps you were smart enough to buy your council house under the right to buy scheme, or just simply embraced "old values" to safe a little money for your old age, or god forbid worked hard, this magic figure then nevertheless, ( I have not followed developments since) was £23,250.
So, any of the above would have to pay FOR THEIR OWN CARE, until the threshold was reached.
At a typical weekly cost of (in the south east) of £1100 to £1600 a WEEK, I will let you do the math's of how much this so "wealthy generation" contributes to their care.
Once you run out of cash of course though you have a problem, as most providers (not all, there are some really good, empathetic ones as well) will not accommodate what might be some very complex needs on your part based on the funding rate councils can provide.
So, that's where a large section of the population (hopefully not your nan, or mother) comes into the equation.
Assets less than £23,250 (two years ago) and you will have to rely on council funding, which offer rates that can not reasonably sustain descent care (subjective opinion of mine).
The costs of the majority of providers I have worked for, did not leave much margin, if any, at those rates - hence the race to the bottom begins!
Now, whilst I disagree on the increase in NI rates, I would be happy to shoulder the burden as part of Income tax to provide funding for some of the poor sods that live in substandard accommodation/care arrangements. ( I STRESS THAT THERE ARE SOME OUTSTANDING PROVIDERS WHO DELIVER COMPASSIONATE CARE IN DESCENT SURROUNDINGGS, however, from my experience they are in the minority.
Good luck to you and your family.
e-tank
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