One of the biggest political stories of the day is Southern Cross, Britain’s largest care home operator which is responsible for 31,000 elderly people.
There are growing concerns about the financial viability of the business given its large debt pile and its growing rental obligations to an array of landlords; talks come to a head today.
Labour has called on the government to prove that it has a “Plan B” in the event of failure; many councils have little experience of providing care homes, and certainly not on this kind of scale.
Downing Street is insisting that it will ensure “effective protection” for anyone affected: “We are clear that we are putting the interests of the residents first”, the prime minister’s official spokesman said.
For the FT’s recent coverage – including a three-page investigation on Tuesday – here are some links:
Separately BBC’s Panorama programme has been praised for its investigation into a Bristol care home for vulnerable adults with learning difficulties. Four people have been arrested today.