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Good evening. by a convincing majority of 71, the house of commons has approved a new tax on workers and employers to pay for improvements in health and for better social care in england. earlier today, the prime minister, borisjohnson, insisted the tax rises, which break a key conservative manifesto promise, were essential to deal with problems made worse by the pandemic. the planned changes are a radical departure from the current system. anyone in england with assets of less than £20,000 will have their care costs fully covered from october 2023. those with assets between £20,000 and £10...

Than £20,000 will have their care costs fully covered from october 2023. and those with assets between £20,000-100,000 will receive state support, but it will be means tested. and from october 2023, no—one starting care in england will pay more than £86,000 on personal care across their lifetime. the changes will only apply in england. scotland, wales and northern ireland have separate arrangements for social care, but they will receive more than £2 billion a year in extra health and social care spending. here's our political editor laura kuennsberg. even most of the cabinet were in the ...

Otherwise i would be bankrupt as well. most of the money for social care will come from 2023 onwards. there will be state support so that. anyone with assets less than 20k will have their costs fully covered by the state. and there all be a cap so that no—one will have to pay more than 86k for care in their lifetime. it will be funded by a rise ofi and a quarter percentage points on a tax that's paid by both companies and employees — national insurance. someone earning £30,000 per year will pay an extra £255 annually. raising national insurance breaks a commitment the conservatives made ...

By their employers. the tax rate on share dividends will also rise by 1.25%. so what does all this pay for? as far as social care goes, anyone in england with assets less than £20,000 will have their care costs fully covered from october 2023. and those with assets between £20,000 and £100,000 will receive state support, but it will be means tested. and from october 2023, no—one starting care in england will pay more than £86,000 on personal care across their lifetime. the changes will only apply in england. scotland, wales and northern ireland have separate arrangements for social care,...

Rates will increase by 1.25% for all working adults in the uk, to be matched by employers. the tax rate on share dividends will also rise by the same level. it means that in relation to social care, anyone in england with assets of less than £20,000 would have their care costs fully covered from october 2023. those with assets between £20,000 and £100,000 would receive state support, but that would be means—tested. and from october 2023, no—one entering care in england would pay more than £86,000 on personal care in their lifetime. the changes apply to england. there are separate arran...