Half of UK budget spent on care by 2060

Analysis by the King’s Fund predicts the government could be spending up to half its budget on social care and health by 2060. The report shows how changes in the population, increases in wealth and medical advances will increase pressures to spend more on health and social care in the future. The ageing population will also be a factor although – contrary to popular perception – this is likely to drive only a small proportion of the increase.