When Labour founded the NHS, it established a simple principle: healthcare should put people before profit.

But today, much of our social care system operates on the opposite logic. Around 80% of the UK's largest care home providers are owned or backed by private equity firms, where extracting profit for investors is part of the business model.

That has consequences. Money that could be reinvested in better care and better pay is instead extracted by investors. This has hurt staff, hurt care recipients and ultimately hurt the stability and sustainability of the sector as a whole.

Fundamental to the success of private equity models is the extent to which costs can be cut to achieve profits for shareholders. This type of profiteering should never have had any place in the care of human beings.

Just as a Labour Government once transformed healthcare by creating the NHS, this Labour Government now has the opportunity to transform social care by banning private profit from social care.

If you agree it's time to end profiteering in social care and build a system focused on dignity and compassion, add your name today.