TUC Cymru is calling for a new way to care for vulnerable adults – that doesn’t see monies diverted to the pockets of financial speculators.
TUC Cymru is holding a fringe meeting at Welsh Labour conference in Llandudno on 27 June to highlight concerns at the role of financial speculators in delivering care to vulnerable adults. It will be a vital discussion about the social care crisis, and the growing threat of profit extraction through care home real estate.
Shavanah Taj, General Secretary of TUC Cymru said:
“TUC Cymru welcomes the Welsh government’s actions in legislating to remove profit from children’s social care. From April 2026, no new for-profit children’s care service will be commissioned. That’s a real win for our most vulnerable children and the unions which campaigned for this change. But this must be just the beginning. As the cost-of-living crisis deepens, more and more people are struggling to afford the care they need. It is unacceptable that public money meant for adult social care ends up as profit for distant investors. Older people deserve dignity, not commodification. We urgently need a not-for-profit model for adult social care — one where local authorities and trusted charities lead the way. Crucially, this must go hand in hand with transforming the status of care workers. These are skilled professionals doing vital, emotionally demanding work, yet too many are underpaid and undervalued. That has to change. Care workers must be properly paid, with secure contracts, training, and career progression. Investing in the workforce is the only way to ensure older people receive the compassionate, high-quality care they deserve.“
The meeting will hear trade unions and campaigners about the real impact of complicated financial models and their potential impact on care home residents.
The meeting will be chaired by Shavanah Taj, General Secretary, TUC Cymru and the speakers will be:
- Leanne Chapman, Regional Organiser, GMB
- Jess Turner, Regional Secretary, UNISON Cymru
- Vivek Kotecha, Affiliate Researcher and Toby Quantrill, Operations Co-ordinator, Centre for International Corporate Tax Accountability and Research (CICTAR)
Speakers will explore how to fight back, and what can be done to demand a fairer, more ethical future for social care. The fringe takes place at the Menai Suite, St George’s Hotel, The Promenade, Llandudno, Conwy, LL30 2LG, Friday 27 June, 5.30pm. Buffet and drinks are provided.
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