Andrew Harrop and Cameron Tait of Fabian Society take a look at Universal Basic Income in the context of the future of work, in this report commissioned by the TUC.
A Universal Basic Income is a regular payment from the state to every citizen. The idea dates back centuries and has been promoted by voices on the left and right. In its purest form, it would represent a radical simplification of both the social security and tax systems, and comes with significant advantages and disadvantages.
Interest in UBI has been growing recently and is linked to debate about the future world of work, especially greater job insecurity and the impact of technology on employment. This report examines the adequacy of UBI as a response to possible developments in the labour market.