Radical changes to care for the old

Big changes to the way old age care is funded is inevitable. David Prosser looks at some of the options.

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The Japanese model might work here
(Image credit: 2016 Yuya Shino)

In hindsight, the row over the so-called "dementia tax" marked the moment the wheels began to come off Prime Minister Theresa May's general-election campaign in May. But this wasn't a revolutionary idea. Successive governments have tried and failed to reconcile the realities of our ageing population with the fact that most people resent the idea of giving up savings and wealth they have accumulated over a lifetime to pay for long-term care costs.

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.