The time for a universal basic income is ripe
Church Times
5 juni 2020
This minimum for every citizen should be introduced for a year, as part of a post-Covid recovery plan, argues Eve Poole
THE Archbishop of Canterbury launched his “war on Wonga” in 2013, as a campaign against household debt. In 2008, debt had reached 147 per cent of household disposable income. Hovering just under 130 per cent since then, in 2019 it stood at 126.8 per cent. According to the Financial Conduct Authority, 12 per cent of UK adults (5.9 million people) have no savings and investments at all. Of those in the most vulnerable financial category, 3.7 million could only cover living expenses for a week if they lost their main source of income.
