This week the Chancellor Rishi Sunak presented the Autumn Budget and Spending Review to Parliament, confirming £5.4bn for adult social care reform funding over the three-year Spending Review period. This includes £3.6bn to reform the social care charging system and enable all local authorities to move towards paying providers a fair rate for care, and £1.7bn to institute major improvements across the social care system in England.
The government is also providing councils with £1.6bn of new funding each year of the SR period for social care and other services, and the flexibility to increase the adult social care precept by 1% per year. This means core spending power for local authorities is estimated to increase by an average of 3% in real terms each year, including investment in social care reform. This is the largest and most sustained increase in core funding for local authorities in over a decade.