For Immediate Release
Responding to today's announcements on pensions and social care by the Chancellor of the Exchequer, Baroness Greengross, Chief Executive of the International Longevity Centre-UK said:
"The Chancellor's decision to push pension and social care reform forward quicker than previously announced is extremely welcome. One in three of us will need care in old age so it is vital we progress policy to deliver a better and fairer care funding regime.
Care is a life-course issue and ILC-UK urges Government to also focus attention on child care in this week's Budget. Getting care right is vital to the economy. When care is unobtainable or unaffordable, it unnecessarily pulls both younger and older people out of the workforce.
The Chancellor should also use the opportunity of the Budget to announce a review which would consider the potential of extending childcare vouchers to allow their purchase to support the care needs of vulnerable adults.
The Chancellor must also recognise that one of the biggest challenges, in the context of an ageing society, is future healthcare costs. The Government must respond positively to the recommendations on this issue published in the report of the Lords' Public Service and Demographic Change Committee.
Overall, it is vital that this week's Budget is both fair, and perceived to be fair, across the generations. The Chancellor should ask officials to develop a measure to evaluate the overall impact of his Budgets in relation to intergenerational fairness."
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