Analysis: Guy Standing’s Basic Income Report
The UK could be on course to be the world’s Basic Income pioneer.
Basic Income has been in the news again, here in the UK. Guy Standing, a professor at the University of London and a long-standing Basic Income advocate, has unveiled his report; “Basic Income as Common Dividends: Piloting a Transformative Policy.”
This report was commissioned by the Shadow Chancellor, John McDonnell. If the Labour Party win the next General Election, he may be the person in charge of the UK government’s economic policies. And it’s not outside the bounds of possibility that he may be the person to implement the world’s first permanent, large-scale Basic Income system.
And so Guy Standing’s report could be very important, because its proposals might form the basis of official Labour Party policy and might actually be implemented by the next Labour government.
So, what does the report say? You can read it in full yourself, of course, but you might appreciate a summary, so here it is:
Report Summary
The report describes some of the key potential benefits of a Basic Income system. These include: Providing people with improved financial security, countering the uncertainties of the modern economy and reducing…
