Basic income could cut poverty to lowest level in 60 years at no net cost

Basic income could cut poverty to lowest level in 60 years at no net cost

Credit: Pixabay/CC0 Public Domain
A new universal basic income model could cut poverty by more than half at no net cost, reducing it to its lowest level for 60 years, according to a report co-authored by a University of York academic.

On the 80th anniversary of the historic Beveridge Report, the new research by the Basic Income Conversation and Compass represents the most substantive attempt yet to assess the impact of a basic income (UBI) scheme and the greater income security it provides.
The fiscally neutral scheme involves no additional calls on the public finances and no net increase in taxation: […]

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