A new report by Basic Income expert Stewart Lansley highlights the importance of a recovery basic income as the Covid-19 pandemic crisis exposes the inadequacy of today’s social security system.
This brand new publication, Meeting the Economic and Livelihood Crisis: From a Recovery Basic Income to a Permanent Income Floor, is an insightful, detailed and topical report from one of the authors of Compass’ recent publication on universal basic income: Basic Income For All: From Desirability to Feasibility.
In this paper, Lansley outlines how, whilst an immediate introduction of a basic income might not be possible, the case for a Recovery Basic Income, which would provide vital support in the later stages and aftermath of the crisis is especially strong, paving the way for a permanent basic income.
The report outlines how the economic and social crisis caused by the Covid-19 pandemic is highlighting the need for a basic income. The tools of today can’t safeguard an entire nation’s wellbeing during this period of unprecedented, universal uncertainty. Moreover, the hard truth is that when this lockdown ends, there will be future shocks, be they epidemiological or environmental. The level of economic uncertainty we now face is here to stay. It will loom large long after the battle against coronavirus is won.
This is why Compass, through the Basic Income Conversation, has stepped up its campaign for a basic income. In recent weeks, more than 100 MPs and peers joined our call to the Chancellor for a Recovery Basic Income. Stewart Lansley’s report is essential reading – not only for understanding the detail of such a scheme, but also in making the case that it should be a step towards a permanent income floor for all.
You can download and read the full report here.