The cost of a weekly universal basic income (UBI) for everyone in Britain could be covered by reversing cuts to benefits over the past decade, according to a report.
The government could make tax-free payments of £60 to every adult, £175 for those over 65 and £40 for each child under 18, regardless of other income, in a proposal designed to cut rising levels of poverty and inequality across the country.
The report by the economists Stewart Lansley and Howard Reed, and published by the leftwing thinktank Compass, said that the net cost of reworking the tax and benefits system would […]
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