In the News
£10K for everyone aged under 55 - Economics of a Universal Basic Income
19th February 2018
One of the big ideas of the time is the notion of a Universal Basic Income (UBI). In this case, the Royal Society for the Arts (RSA) is proposing that the government should offer each under 55 year old a £10,000 basic income, but in accepting it, any individual concerned would lose their tax allowances.
It's an interesting idea, largely because it challenges our notions of the purposes of benefit, and the role of the State. There's also the question about whether it's affordable or not. I can see both benefits and drawbacks and haven't made my mind up as to whether it's a good thing or not yet.
“We need to move beyond welfare debates to a discussion about economic security for the majority who require some support to adapt and grow in an environment of continuously and significant economic and social changes”
— The RSA (@theRSAorg) February 16, 2018
Find out morehttps://t.co/9DFmavXKr5 #RSAInsecurity #UBI
A Universal Basic Income isn’t just about providing safety and security it’s about freeing us to do the work we want to do https://t.co/or3YClAEn3
— Jonathan Bartley (@jon_bartley) February 10, 2018
I discussed Universal Basic Income last night on Newsnight and why it is an idea we should be testing out in the UK. You can watch here from 26.30 https://t.co/M6c0kOY3ij
— Ed Miliband (@Ed_Miliband) February 17, 2018
Richard Branson believes government should give everyone a paycheck, whether they have a job or not.https://t.co/NTC1DomM65
— CNN Business (@CNNBusiness) February 19, 2018
Finland is giving each citizen a universal basic income and it's had an unexpected side effect https://t.co/zlsZDTGibe
— The Independent (@Independent) February 18, 2018
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