The Social Prosperity Network was launched to explore the potential of Universal Basic Services as a response to the failure of our economy to deliver prosperous lives for so many people
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The Institute for Global Prosperity's report on Universal Basic Services was launched on October 11th by the Social Prosperity Network. To get in touch, please email email@example.com
Demographic changes and the changing nature of work mean that some of the welfare systems put in place in the 20th century no longer serve purpose in the 21st century. Additionally, the lack of meaningful response to the 2007-08 Financial Crisis has left the British people with a 10.4% decrease in real wages. Mechanisms of redistribution that once worked well are no longer delivering better lives for people. Despite record levels of employment, its clear that the labour market is not providing a stable, secure living for a growing number of people. This is shown by the fact that in-work poverty is at a record high.
The Social Prosperity Network was launched to explore Universal Basic Services as a potential policy that would provide the social capital people need to regain control and security in their lives, and place them on a path of prosperity. The Network has put together the first substantial exploration of the potential of Universal Basic Services in the UK. It will be launched on October 10th 2017. The report, co-authored by Professor Henrietta Moore, Co-Director of the Social Prosperity network Andrew Percy, and economists Jonathon Portes and Howard Reed, details how Universal Basic Services is a viable and affordable alternative to ideas such as Universal Basic Income.
Professor Henrietta Moore said: "If we are to increase cohesion, the sense that we are 'all in it together', we must act where we can have the greatest impact, and that is on the cost of basic living. Without radical new ideas that challenges the status quo, we face a future where the changing shape of our society and labour market leaves more and more people struggling simply to achieve the basics - let alone having the resources and mental capacity to allow themselves and their families to flourish."
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