How universal basic income's impact on people's finances could transform the nation's health
This micropilot will produce new UK data on the impact of the basic income in these communities, particularly the stories and experiences of the people that participate.
- This micropilot will produce new UK data on the impact of the basic income in these communities, particularly the stories and experiences of the people that participate.
- This will help show if there is a case for a national basic income, or at least more comprehensive UK trials.
- Universal basic income (UBI) is a radical but, we believe, feasible alternative to the existing, failing welfare system.
- It could reduce poverty to unprecedented levels, address inequality within and between regions, and massively improve the nation’s health.
A radical approach
- One of the best ways to do this is to eradicate poverty and reduce inequality.
- The idea of the state redistributing resources by providing an adequate, regular and predictable payment to citizens is radical.
- One of the key, and often overlooked, consequences of this is its potential contribution to public health.
- And third, by giving people a more predictable and secure future, it would increase their perception of their lifespan.
This generation’s equivalent of the NHS
- Three decades after its implementation, the Labour government sought to understand why health inequality persisted.
- Future generations may look back at recent discussions about UBIs with the same confusion we feel when thinking of opposition to the NHS in the 1940s.
- Basic income is one such solution that could be as popular and transformative as the NHS.