MoneyWeek

Best of the financial columnists

How history shaped our health taxes

Paul Johnson

The Times

“History casts a long shadow,” says Paul Johnson. Just as the modern A1 largely follows the route of the old Roman road, so the current social care “mess” can be traced back to the National Assistance Act of 1946, the legislation that established the NHS and claimed to abolish the “infamously stringent” poor law (which put the poor in workhouses). However, it “didn’t quite”, since, unlike the NHS, social care remains needs and means-tested. As

You’re reading a preview, subscribe to read more.

More from MoneyWeek

MoneyWeek1 min read
Auctions
Going… John Lennon’s “lost” Framus 12-string “Hootenanny” acoustic guitar is expected to set a new world price record for a Beatles guitar when it appears at Julien’s Auctions’ two-day sale in New York from 29 May. Lennon played the instrument on the
MoneyWeek2 min readIntelligence (AI) & Semantics
Meta’s AI Splurge Rattles Investors
Meta Platforms has suffered its second-worst daily loss in market value on record. Part of the reason for last week’s 15% slide was that while Meta eclipsed forecasts for first-quarter profits and sales, its outlook for the second quarter disappointe
MoneyWeek3 min readWorld
Peak Peking?
The American Senate passed the $95bn “foreign aid” package funding Ukraine, Israel and Taiwan last week and sent the legislation to president Joe Biden’s desk. There was a time when “foreign aid” meant help to poor people in poor countries. Now it is

Related Books & Audiobooks