With the idea of introducing a Basic Income growing in popularity, The Telegraph‘s Jeremy Warner puts forward a case for its adoption in the UK. Warner argues that a Basic Income would go a long way to resolving many of the inefficiencies of the current welfare system. He goes on to concede that one of the most difficult aspects of introducing a Basic Income is the cost, arguing it would require higher taxes or cuts in government spending.
Despite this, Warner ends on a supportive note, stating that none of these problems are insurmountable. He even takes a poke at those who dismiss a Basic Income a leftist utopian dream–pointing out that the one of Thatcher’s intellectual heroes, the economist Friedrich Hayek, was one of its biggest supporters.
Jeremy Warner, “Paying all UK citizens £155 a week may be an idea whose time has come” The Telegraph, December 8th 2015
