If the UK government were to invest in social care, it could be an enormous boost to the economy.
A disability charity, Leonard Cheshire, has found that a reformation of social care in the UK could generate as much as £6bn for the economy.
Based on economic modelling from Frontier Economics, the disability focused charity has revealed that social care could pay for itself.
Why invest in social care?
Initially, the Health Foundation’s predicted scenarios offer an estimate of the funding gap at somewhere between £3-12bn. Secondly, as a result of changes to improve opportunities and lives of people with disabilities, their earning power will increase. If social care becomes a priority, it will empower people with disabilities to earn more.
What are we doing now?
Currently, the government’s focus is on the over 65 age category. We know that a third of people who need social care are aged 18-64. It is this demographic that the charity is modelling its results on. At the moment, disabled people who work earn 12% less than those with no disabilities. This means they are economically ‘inactive’.
Care for equality
Leonard Cheshire’s campaign Care for Equality highlights the empowering potential of social care reformation. Giving adequate support to disabled people will empower them, as a result increasing their earning potential. We support this campaign.
The change we want to see:
- Ensure the social care system fully meets the needs of disabled people.
- Engage and co-produce reforms with disabled people.
- Invest in social care.
- Build-in greater choice and personalisation.
- Increase funding for better workforce pay, training and career development.