IFS predicts billions required for additional funding for rising costs of adult social care

A recent analysis from the Institute for Fiscal Studies (IFS) has revealed that many billions of pounds will be required by councils to fund adult social care over the lifespan of the next Parliament. We have previously written about the fact that the elderly population is set to increase over the next 25 years (see our previous blog, here) and this is cited as one of the reasons for the required increases in funding, as well as increases in the number of disabled adults and increases in wages.  The IFS report says that “even if council tax revenues increased by 4.5% a year – more than double the rate of projected inflation – adult social care spending could amount to half of all revenue from local taxes by 2035.”[1] The clear need for funds raises the question of how to  make up the shortfall and provide adequate care for the less able and elderly of society. Do councils continue to rely on council tax and business rates for funding or are ring-fenced grants from Westminster the answer?

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