😔

The level of wealth extraction from social care just isn't right. See @lizzeidler.bsky.social on today's report + an up & coming webinar for those changemaking local authority officers out there, who want to make a difference. 2 Dec: www.eventbrite.co.uk/e/ending-ext...

Our thanks to @journo-jess.bsky.social for investigating this important story, and all the work she does on extraction from local economies.

Hear hear! what a joint team 👏

Do you work for a local or combined authority? Want to know what you can do within the existing system? We are here to help.

Sign up for RORE's FREE webinar on 2 Dec @ 4pm.

With more than 70% of LA spending going into social care - it is time for change:

✍️ www.eventbrite.co.uk/e/ending-ext...

As the author @anncleeves.bsky.social says (whose latest Vera book is set in a children's home with offshore private equity owners) - imagine how many lives could be changed, if we just changed our approach and belief in what's possible.

It doesn't have to be this way.

The social care system can be re-wired to meet the needs of more vulnerable people who need help.

Doing so, would build a strong, more cohesive Britain.

#RORE

That in the #WestMidlands, £103m has been made in profit from social and children's care over 3 years, with a fifth - £23.8m - made by providers owned by private equity orgs, companies based in tax havens, or by orgs that fall into both brackets.

NB @birminghamdispatch.bsky.social

That in the #NorthEast, £94m has been made in profit from social and children's care over 3 years. Of which over a third (£34.5m) has been made by providers owned by private equity orgs, companies based in tax havens, or by orgs that fall into both brackets.

That in #SouthYorkshire, £59m has been made in profit from social and children's care over 3 years. Of which HALF has been made by providers owned by private equity orgs, based in tax havens, or by orgs that fall into both brackets.

Our report focused on care services in just 3 regions:

the North East
South Yorkshire
the West Midlands

(all combined authority regions).

In these regions alone, #RORE found.

Read the new #RORE report here (Reclaiming Our Local Economies): www.centreforthrivingplaces.org/rore-extract...

Via:
@thrivingplaces.bsky.social
@clesthinkdo.bsky.social
@neweconomics.bsky.social
@cooperativesuk.bsky.social

#CareLessAccounting - it's time to re-wire our economy.

In our view, it isn't right to trade upon health for wealth.

The UK's social care sector offers a vital service - and shouldn't be treated as a market with assets to buy and sell.

Because, as our director @lizzeidler.bsky.social says...

...those assets are people.

If you agree, please share.

Nor that debt would be accumulated, through practices such as the buying and selling of properties - and passed on directly to the people scraping the funds together to buy care support.

#CareLessAccounting #SocialCareExtraction #RORE

Nor would you expect that 80% of the largest care home providers in the West Midlands, the North East and South Yorkshire, would turn out to be owned by organisations based in tax havens.

8 in 10 - that's nearly all of them.

#CareLessAccounting #SocialCareExtraction #RORE

We’re angry - you should be too.

If you've had to pay a fortune to put loved ones through care. You have a SEND child whose needs are not met. Or you went through the care system as a kid.

You would not expect money for the services designed to help, to be ripped away as profit. ⛴️🏝️⛴️ 🏝️⛴️🏝️⛴️ 🏝️

…"There’s no money to improve care!"

And yet hundreds of millions of pounds of public money is being extracted as profit.

💷 Is this #CareLessAccounting? 💷

Joint #RORE analysis by:
@thrivingplaces.bsky.social
@clesthinkdo.bsky.social
@neweconomics.bsky.social
@cooperativesuk.bsky.social

Local Authorities spend 70% of annual budgets on care services. Yet not all that investment is channelled into high quality jobs or comprehensive care nor kept in our local economies. We hear again and again, that…

Published today in recognition of #WorldCitiesDay, this guide outlines the case for prioritising urban health from epidemiologic, economic, equity, and sustainability perspectives.

@who.int @thrivingplaces.bsky.social