ICR031: China Syndrome, Postponing Caps & Emergency Budget
This week in episode 31 of the Informed Choice Podcast, Martin talks about a stock market plunge in China, why the lifetime cap on residential care fees might be postponed, and of course the emergency Summer Budget.
Financial regulators in China have been taking steps this week to calm the stock market.
Since mid-June, the Shanghai Composite, the main stock market index in China, has fallen by more than 30 per cent.
Will the proposed lifetime cap for care fees be postponed?
An article in The Guardian this week reports ministers are considering ‘pausing’ the lifetime cap, which was due to come into force next April.
The Chancellor of the Exchequer George Osborne delivered the first Conservative Budget in almost 20 years on Wednesday lunchtime, delivering on Tory manifesto promises and free from Liberal Democrat constraints, now taking decisive steps towards cutting a further £12bn from welfare spending.
Here are links to everything covered in episode 31 of the Informed Choice Podcast:
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