UK Gov't Eyes Tax Hike to Pay for Care for Older People

LONDON - U.K. Prime Minister Boris Johnson plans Tuesday to fulfill a election promise to grapple with the rocketing cost of the long-term care needed by Britain’s growing older population. 

To do it, he appears set to break another election vow: not to raise taxes.  Johnson is scheduled to tell Parliament how his Conservative government will raise billions to fund the care millions of Britons need in the final years of their lives.  That burden currently falls largely on individuals, who often have to deplete their savings or sell their homes to pay for care. One in seven people ends up paying more than 100,000 pounds ($138,000), according to the government, which calls the cost of care “catastrophic and often unpredictable.”