In the News
Cost Crisis Worsens for UK Care Homes
31st August 2022
Paul Brand has reported for ITV in stark terms about the cost pressures facing care homes as winter approaches.
It is a reminder that so many different sectors and organisations are trying to cope with rising prices. Care homes face closure and many are having to cut back on food and other essential services to stay afloat.
They are asking the UK government to extend the energy price cap to care homes, where it currently doesn’t apply. Looking after people at home affords some form of protection via the price cap although as we know, this is jumping to unprecedented levels.
According to this report from ITV, energy bills are up 165%, food up 31%, staff payroll up 60% and agency staff up 406%. Just how high can fees be raised to help overcome this cost hike? And who will be able to pay?
EXCL: Care homes are cutting back on food and other essentials as they face closure over the cost of living crisis.
— Paul Brand (@PaulBrandITV) August 31, 2022
They have written to the Health Secretary asking for the energy price cap to be extended to care homes, where it currently doesn’t apply. https://t.co/UyUnZrqp5P
More here from INews on the cost crisis facing care homes
And more here from Sky News
Sky News has been told that care homes are facing closure this winter with some being quoted between 200-400% more for their energy costs. We've spent today with @sheffcare who say they usually pay around £90,000 across their nine care homes, they've recently been quoted £1.16m
— Mark Thompson (@SkyNewsThompson) September 1, 2022
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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