John McDonnell announces that Labour has set up a ‘working group’ to investigate universal basic income
The group is working with Guy Standing, one of its economic advisers. Guy is a British professor of Development Studies at the School of Oriental and African Studies (SOAS), University of London, and co-founder of the Basic Income Earth Network (BIEN).
Standing has written widely in the areas of labour economics, labour market policy, unemployment, labour market flexibility, structural adjustment policies and social protection. His recent work has concerned the emerging ‘precariat’ class and the need to move towards unconditional basic income.
During the summer of 2016 Mr McDonnell, who has been the MP for Hayes and Harlington since 1997, suggested he could “win the argument” on basic income within the Labour party. He now intends to publish a report on the idea to encourage discussion on the topic around Europe.
The Shadow Chancellor launched the first of Labour’s regional economic conferences in Liverpool on February 4th– read more here.
Transforming our Economy’ Conference in Newcastle Saturday 18th March 2017, details TBC
Annual ‘State of the Economy’ Conference in Birmingham Saturday 20th May 2017, details TBC
‘Transforming our Economy’ Conference in Bristol Saturday 8th July 2017, details TBC
‘Transforming our Economy’ Conference in Cardiff Saturday 28th October 2017, details TBC
Speaking about the idea – floated by Benoit Hamon during the socialist primaries of the French presidential elections – Mr McDonnell added:
“Interestingly, [Narendra] Modi’s government has brought forward a report in India as well about the need to develop basic income ideas and again see how they can implement it over a period of time. All of a sudden it’s become… an idea whose time may well have come . . .
“We’re exploring it. We think there are elements of it that we can bring forward as first steps towards a basic income that people can support.
“I was involved in the early campaigns many years ago on the development of child benefit – at that point in time there were all sorts of anxieties about whether you could bring forward a benefit for everybody that wasn’t based upon an assessment of need and we won the argument. I think child benefit is like one of the foundation stones of a future basic income”.
Posted on February 14, 2017, in New Economics, West Midlands New Economics Group and tagged Basic income, child benefit, John McDonnell, Narendra Modi, regional economic conferences. Bookmark the permalink. 6 Comments.