Plan to ban ‘private equity sharks’ from social care dropped, Wes Streeting says
Summary
Wes Streeting said his plan to stop private equity firms from owning social care businesses was removed from Labour’s manifesto. He criticized both the government and his own party for being too cautious to make big changes in social care. Labour plans to create a national care service with clear standards, but major reform may be delayed until after the next election.Key Facts
- Wes Streeting wanted to ban certain private equity firms from social care if they failed to meet standards for care quality, worker rights, and finances.
- This plan was cut from Labour’s 2024 manifesto because party leaders worried it seemed “anti-business.”
- Streeting resigned as health and social care secretary and may run for Labour leadership.
- The government’s review of social care reform, called the Casey commission, will likely finish by 2028, delaying big changes.
- Andy Burnham, another possible Labour leader, promises to fix social care quickly if elected.
- Labour’s manifesto includes a promise to create a national care service with common standards.
- Labour wants to reduce workers’ dependency on their employers for visas to prevent exploitation.
- The government says it is investing billions to improve social care and will publish recommendations on a national care service later this year.
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