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Items tagged with: investment
The #Tory model for #socialcare:
1. defund local councils, while retaining their social care responsibilities;
2. Budget cuts make #infrastructure increasingly harder to maintain (or replace);
3. 'Encourage' councils to use private provision to make up gap between need & public provision for care;
4. 'allow' market rates to be set by providers & open sector to #investment to spur 'innovation' in provision;
5. watch taxpayers money flow to the rich (not the needy)
https://www.theguardian.com/society/2023/oct/28/biggest-private-childrens-homes-in-england-made-300m-profit-last-year
Biggest private children’s homes in England made £300m profit last year
Fee income for 20 largest operators – many private equity-owned – soars as councils struggle to meet costsMichael Savage (The Guardian)