Starkey was calling for a maximum cap on the size of a loan of £300and admitted that he was astonished by Osborne's decision.
The insurance company couldn't deny coverage due to Riley's pre-existing condition, nor was there a lifetime maximum cap on costs.
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.
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.
Screw the cap on securely.
The results suggest that substantial US energy and greenhouse gas savings are likely to come from vehicle fuel-economy regulation, rebates on relatively fuel-efficient vehicle purchases, caps on maximum household energy use, and long-term behavioral shifts.
I have seen the commission of 7 to 10percentt fall to the current level of 5percentt, with caps on the maximum amount.
The new provisions include heightened levels of disclosure from companies, as well as income/net-worth caps on the maximum amount retail investors are permitted to invest.
Government must support higher education through consistent funding and by applying common sense to a variety of government-supported loan programs -- for example, let people consolidate loans and set reasonable caps on the maximum amount that can be borrowed with a government guarantee.
