"The tax-free personal allowance, which rises to £12,500 in April, should be scrapped and replaced with a flat payment of £48 a week for every adult, according to radical proposals welcomed by shadow chancellor John McDonnell.
The proposal, from the New Economics Foundation thinktank, is for a £48.08 “weekly national allowance,” amounting to £2,500.16 a year from the state, paid to every adult over the age of 18 earning less than £125,000 a year. The cash would not replace benefits and would not depend on employment."
https://www.theguardian.com/politics...yone-48-a-week
Can some wise person explain the pros and cons of this idea, as the coverage in the Guardian is a bit limited.
The proposal, from the New Economics Foundation thinktank, is for a £48.08 “weekly national allowance,” amounting to £2,500.16 a year from the state, paid to every adult over the age of 18 earning less than £125,000 a year. The cash would not replace benefits and would not depend on employment."
https://www.theguardian.com/politics...yone-48-a-week
Can some wise person explain the pros and cons of this idea, as the coverage in the Guardian is a bit limited.
via International Skeptics Forum https://ift.tt/2TFp0k1
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