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star this property registered interest false more like this
star this property date less than 2019-06-17more like thismore than 2019-06-17
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
unstar this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
star this property hansard heading Personal Income: Sheffield remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, if her Department will take steps to monitor the roll out of a universal basic income pilot by Sheffield City Council; and if she will make a statement. more like this
star this property tabling member constituency Vale of Clwyd more like this
star this property tabling member printed
Chris Ruane more like this
star this property uin 265451 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-20more like thismore than 2019-06-20
star this property answer text <p>We are aware of experiments in universal basic income (UBI) around the world and we do not believe there is a case for UBI. We believe Universal Credit is the right approach for the UK because it simplifies the benefit system, promotes and incentivises work, including progression in work, and provides targeted support to those in most need in a way that is affordable.</p><p> </p><p>In February 2018 the OECD concluded in <a href="https://read.oecd-ilibrary.org/economics/oecd-economic-surveys-finland-2018_eco_surveys-fin-2018-en#page45" target="_blank">its survey of the Finnish Economy</a> that the complexity of the current benefits system in Finland was an obstacle to stepping into work and that the basic income experiment, whilst possibly enhancing work incentives, may increase poverty and would require increasing income taxation by nearly 30%. More recently, findings from the evaluation of the Finnish basic income experiment show some improvement in perceived wellbeing, but that it did not increase the employment level of the participants in the first year of the experiment. The OECD also developed a scenario for Finland inspired by the UK’s Universal Credit (UC). They found that this ‘would consistently improve work incentives and reduce complexity, with limited changes to the income distribution and limited fiscal cost.</p><p> </p><p>This <a href="https://oecdecoscope.blog/2018/02/28/why-would-a-universal-credit-be-better-than-a-basic-income-for-finland/" target="_blank">OECD blog</a> post is particularly useful on the OECD’s work to compare UBI and UC.</p>
star this property answering member constituency Reading West more like this
star this property answering member printed Alok Sharma more like this
star this property question first answered
less than 2019-06-20T15:59:10.033Zmore like thismore than 2019-06-20T15:59:10.033Z
unstar this property answering member
4014
star this property label Biography information for Alok Sharma more like this
star this property tabling member
534
unstar this property label Biography information for Chris Ruane more like this