BeesKnees
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All I've seen is a promise that recovery wouldn't take place until after death so hadn't appreciated this. If true then we know private finance will require a return on investment that is greater than current inflation ( or other rates of return).Rest of this is spot on, but I thought the proposal was to essentially sell people financial products to allow them to release equity from their house, and use that to fund social care (so funding is provided by banks, who recover their costs when people die).
Also explains the Tory defense this morning of claiming markets weren't interested in the existing proposals so they had to find something more attractive to them.