Instead, by imposing a maximum cap of £35,000 on the amount any individual would have to pay and by lifting the means-testing threshold to £100,000 (ie, you would only have to start paying the full costs of your care if you owned more than £100,000) Dilnot says the government could create a system under which no one would have to spend more than 30% of their assets on their care.
The EU's Emissions Trading Scheme (EU ETS) has done just that since 2005, based on "cap and trade": a maximum cap is set on the total GHG emissions for regulated industries; those emitting more can buy "carbon allowances" and those emitting less can sell them, or trade them on the open market.
The insurance company couldn't deny coverage due to Riley's pre-existing condition, nor was there a lifetime maximum cap on costs.
Surely there should be a minimum cap on compensation due to overbooking, not a maximum cap?
Pilloried in corporate-funded PR and in the media after a jury imposed an initial $2.7m in punitive damages, lobbyists used Liebeck's case to deride "frivolous" lawsuits and bludgeon congressional and state legislators into passing laws that set maximum "caps" on damages.
To patch things up, he announced in a Radio 4 interview this morning that he would call for a maximum wage cap on high earners – a decent policy, and one he's actually proposed before, but also something that seemed to be ad-libbed, in a flailing attempt to stave off the inevitable question about when he would resign.
The Labour leader, who is an Arsenal fan, said he thought his team's manager, Arsène Wenger, "would probably like it very much indeed, he'd probably like there to be a maximum wage cap on the whole of the Premier League".
When the index performs well, a positive credit will be posted, typically up to a set maximum, or "cap". On the other hand, when the market index goes down, a negative credit is not posted.
It was no surprise then, that the supreme court found last month that the DWP's draconian benefits cap, a maximum £500 limit on the benefits a jobless household can claim – which almost exclusively affects poor families with multiple children – was in breach of the UNCRC.
He wants a return to full pensions for everyone from the age of 60, a 20% increase in the minimum wage, a cap on maximum salaries and the nationalisation of big energy companies.
