Reply To: Left and Right Unite! – For the UBI Fight!
Every adult in the UK should receive a weekly basic income of £48, according to the recommendations in a new report.
The move could be paid for by scrapping more than 1,000 tax reliefs, a report by Professor Guy Standing, a professor at SOAS University suggests.
The report, entitled Basic Income as Common Dividends: Piloting a Transformative Policy, was written by Professor Standing, an authority on the concept of the basic income. He was asked to write it by the Progressive Economy Forum, a left-leaning group of economists.
Standing, told the BBC: “A basic income would be paid in cash, a moderate amount, a basic amount unconditionally to each individual man and woman equally, a smaller amount for a child and the good thing is it would be unconditional and it wouldn’t be means tested and it would be a right, an economic right.”
In March the New Economics Foundation think tank published a report in which it proposed replacing the personal tax allowance with a Weekly National Allowance of £48. However, it did not call it a basic income. A week later the leftwing think tank Compass, suggested a universal basic income of £60 for each adult, £175 for those over 65 and £40 for children under the age of 18.