Breaking news about Universal Basic Income are hitting the internet and not only.
“The government should give £10,000 to every citizen under 55, a report suggests.
The Royal Society for the encouragement of the Arts, Manufactures and Commerce (RSA) said it could pave the way to everyone getting a basic state wage.
The idea sees two payments of £5,000 paid over two years, but certain state benefits and tax reliefs would be removed at the same time.
The RSA said it would compensate workers for the way jobs are changing.
The money would help to steer UK citizens through the 2020s, “as automation replaces many jobs, climate change hits and more people face balancing employment with social care”, the report said.”, BBC mentioned in it’s article.
“Basic income plan proposed in the UK where everyone under 55 gets $14,000”
- “The Royal Society of Arts said payments of £5,000 each year for two years would stimulate innovation, encourage retraining and help people who have caring responsibilities to be in a more prosperous position.
- “The simple fact is that too many households are highly vulnerable to a shock in a decade of disruption,” Anthony Painter, director of the RSA’s Action and Research Center, said.
- While most benefits would be cut under the scheme, the RSA said the dividends would support people through the challenges of automation over the next decade.
Everyone in Britain under the age of 55 should be entitled to £10,000 ($14,127) from the government, a leading think tank has proposed.
The report, published by the Royal Society of Arts (RSA) on Friday, claimed the payments could potentially lay the foundations to all citizens eventually getting a basic state wage.
Britain’s Labour Party, led by opposition leader Jeremy Corbyn, has already said the party is assessing the merits of similar arguments for a Universal Basic Income (UBI).
The RSA said payments of £5,000 each year for two years would stimulate innovation, encourage retraining and help people who have caring responsibilities to be in a more prosperous position.”, was part of CNBC’s approach.
It seems like we’ll soon have a universal basic income program announced.
Writer on The Incomer.