- British finance minister Rishi Sunak has directed Treasury officials to step up talks with the insurance industry over the possible launch of new products enabling people to fund future social care costs in England, the Financial Times reported on Friday, citing a Treasury insider.
Arguing the government’s social care reform unveiled on Tuesday has given the certainty the sector has been demanding, Sunak intends to encourage insurance companies to bring forward the products.
(Reporting by Vishal Vivek in Bengaluru; Editing by Leslie Adler)