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@snowy_again
Interesting quote from ECCA
Fee question
Martin Green, chief executive of the English Community Care Association, said the collapse of Southern Cross showed there were serious problems with the funding of care in the independent sector.
"I think the Southern Cross issue which has come to a head today, is very much an issue that other providers are facing because of the levels of resource that they have to deliver care on," he told BBC Radio 4's You and Yours programme.
"Fees are a really big issue and we've had several years of nil increases, and of course we've had inflation rates running at 4-5%."
David Rogers, chairman of the Local Government Association's Community Wellbeing Board, said: "Councils take the welfare of care home residents extremely seriously and throughout this process that has always been their priority."
"It's greatly reassuring, and testament to the good work which has been going on behind the scenes and the resilience of the care home system, that a solution has been found which will hopefully avoid major upheaval for the vulnerable people involved."
So nothing to do with asset stripping and buy back mortgage deals then?