Threats to the provision of care home places add further concern for pensioners

Category: Care & Financial Planning for individuals/families & Uncategorized

Are the financial difficulties which care home provider businesses seem to be currently facing their responsibility to manage, a local government responsibility or does the situation require urgent government action?

When the House of Lords was recently told of the situation, the Labour peer Baroness Weaver asked the question following the news that the UK’s largest care provider, Four Seasons Health Care, was facing financial problems due to its £500m debt, which raised the prospect of care homes being closed.

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