In March, the New Economics Foundation published a report that recommended that a cash payment, a Weekly National Allowance (WNA), should replace the Income Tax Personal Allowance. The WNA was close to being a Citizen’s Basic Income. (To read the report, and our review of it, click here).
Alfie Stirling, Sarah Arnold and Lukasz Krebel have now published new research that shows how the WNA would relate to Universal Credit. Click here to see the new research.
If the New Economics Foundation continues to research the effects of schemes close to being Citizen’s Basic Income schemes on means-tested benefits recipients then it might choose to extend the research reported in the recent article. The article shows percentile-level aggregated redistribution results. It would be equally important to know the extent of individual household losses for low income households. This is an important factor to consider when policy changes are proposed. (For examples, see pages 24, 29, 33 and 38 in a recent Institute for Social and Economic Research working paper.) It would also be important to know how many people would be taken off means-tested benefits entirely. (For examples, see pages 25, 30, 34 and 39 in a recent Institute for Social and Economic Research working paper.)
It is a pleasure to see research so relevant to the Citizen’s Basic Income debate being published by the New Economics Foundation.