76% of homes in Bury could be eligible for sale to meet Theresa May’s so-called ‘dementia tax’, research by the Liberal Democrats has revealed.

The figures are based on the value of homes sold so far this year across Bury, where 76% are over £100,000 (based on house sales so far this year). The threshold, set at £100k estate value would cover 9 in 10 houses in England. This is a conservative estimate as this is based of the value of homes rather than entire estate values which will often be higher as they include savings and other assets.

The Prime Minister has now said that there will be a ‘cap’ on care costs, but refuses to say what the cap will be. If the cap was set at £200k, over half the the value of the average home would be at risk of being wiped out in 40% of English constituencies.

We believe that politicians need to be honest about how much money we need to spend on health and care services, particularly for a population that includes more older people. The Liberal Democrats are calling for a penny on income tax to boost funding for the NHS and social care by £6 billion a year.

Every elderly person who needs care should receive it in the best place for them. People shouldn’t have to worry about losing everything they’ve worked hard for to pay for crippling care cost. Nobody should be forced to sell their home to pay for their care needs.

Help us put a stop to the care tax by signing this petition. Stop the ‘Dementia Tax’