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Stephen Tall

Norman Lamb is surely right: pensioners who own their own homes and have more than £23,000 savings are ‘quite wealthy’

By Stephen Tall | Wed 16th October 2013 - 10:25 pm

“If someone as well as their home has substantial other assets, money in the bank, shares or whatever, should they be expected to use those assets to pay for care? Or should we say, we will always defer the costs of selling their home? If you’ve got a vast amount of money in the bank, you’re quite wealthy, it’s desirable that we protect that money but the scheme has to be affordable. If together with owning your own home, you have more than £23,000-odd in the bank, the question is should you be expected to use that money. You are

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