UK government should give £10K to every citizen under 55, a report suggests

Re:UK government should give £10K to every citizen under 55,... by djaychela on Friday February 16, 2018 @04:10AM (#16390972)

I think they mean more that if you're already above the tax threshold then you wouldn't get £10k, you'd get £10k minus the prevailing rate of tax - so if you already earned £11500-£34500 then you'd get £8000 (£10k-20%). If you earned £34500-£150,000 then you'd get £6000(£10k-40%), and over £150k you'd get £5500(£10k-45%).

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Re:UK government should give £10K to every citizen under 55,... by OscarCunningham on Friday February 16, 2018 @04:14AM (#16390985)

Do they really mean "We're going to make this money so tedious and bureaucratic to apply for that a middle class person wouldn't bother to do it even for £6000"?

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Re:UK government should give £10K to every citizen under 55,... by GordonS on Friday February 16, 2018 @04:31AM (#16391069)

That's hardly 'universal' then, is it? It seems this is more a way of changing how benefits are paid to low earners, rather than a real attempt at UBI.

Which is a shame; 10k could still make a significant difference to someone earning, for example, £35k (not a high earner by any stretch) - starting a business, paying for childcare etc.

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Re:UK government should give £10K to every citizen under 55,... by mseebach on Friday February 16, 2018 @02:26PM (#16395164)

That can't be it either. Giving 65 million brits even £5,500 would cost £357b

EDIT: oh, what's a million or a billion between friends?

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Re:UK government should give £10K to every citizen under 55,... by OscarCunningham on Friday February 16, 2018 @02:40PM (#16395320)

£357B

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Re:UK government should give £10K to every citizen under 55,... by amygdyl on Friday February 16, 2018 @06:38AM (#16391635)

The National Audit Office must publish the model for this system, forthwith.

Only then can debate begin.

And political parties must be compelled to publish their proposals both normalised to the NAO model specification and atomically for the inputs and outputs of specific effects of the rules, especially of housing rules.

In this way I could throw about ideas like my"basement benefit" contribution to a ring fenced home deposit scheme for all mature children living with parents whilst in work. This could be extended for those with parents over the age of fifty five, to build a capital cushion cover for care for parents, meeting with needs such as home modification and such things as mobility. Specifically I like the idea of subsidy for a station wagon or similar practical vehicle, for the adult carer if parents who are willing to give up their driving license.

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