EDM 767: predatory financial practices and the adult social care sector
EDM 767: predatory financial practices and the adult social care sector

Panorama’s #CrisisInCare episode revealed how the care of some of the most vulnerable in our society is in the hands of private equity firms and hedge funds.

I have Sponsored Early Day Motion 767 which calls on the Government to tackle the financially extractive and growth-dependent model of such companies, which is draining funding from adult social care.

If nothing is done to tackle this systemic failure in adult social care – which is now largely privatised – then commitments to increase funding will more likely than not only lead to public funding leaking out to tax havens and into shareholders pockets, instead of going towards delivering high quality care for everyone who needs it, provided by a workforce that is paid fairly and invested in.

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