UN: spend an extra £5tn by 2030 to tackle global 'care crisis'

Report highlights risk of rising inequality against women worldwide

The world economy faces a looming "care crisis" risking further division between men and women across the planet, according to a UN report calling for governments and companies worldwide to spend at least an extra $7tn (5.3tn) on care by 2030.

Making the case for spending on support for children, old people and the neediest in society to double by the end of the next decade, the UN's International Labour Organisation (ILO) warned demographic changes alone mean the current path for care funding falls far short of requirements.

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