I think it’s a great idea, but £48 a week seems low compared to other trials. I’m assume it comes from 20% of the current personal tax allowance ie (£12,500 x 20%)/ 52 weeks, so income tax payers won’t see a negative impact, £48 lost allowance but £48 gained in UBI, and those at the lowest end will at least have some guaranteed income.
Someone added an interesting link in the comments of the BBC article:
https://www.fastcompany.com/90315293/ontarios-basic-income-was-working-amazingly-well-before-it-got-cancelled
In the report on the results, BICN makes it clear that even in the short duration of Ontario’s program, the benefits of […]
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