I see poor IDS is going to have to write off £119 million on his ill-starred attempt to introduce his highly complex Universal Credit welfare reform.
He would do far better by simply abolishing
the idiotic 100% marginal taxation of income that occurs when an
unemployed citizen finds work that is beneficial to society and
environment. This is known as Green Wage Subsidy, also known as Work
Stimulus Scheme within the Department of Work and Pensions. It is 100%
voluntary and transforms the dead hand of a grudging dole into a vibrant
stimulus to the green sector of the economy, with the potential to
create two million jobs ranging from home insulation to caring for the
elderly, from waste minimisation to flood defences. It has been
calculated that at 50% penetration it would leave the UK £10 billion a
year better off. Apart from its intrinsic efficiency, it opens the door
for introduction of the Citizens Income, a simple universal
unconditional benefit that has been under consideration in all parts of
the political spectrum for a hundred years.
Green Wage Subsidy
could easily be trialled as a pilot in a few areas of high unemployment.
IDS should give this serious consideration as a change from his
agonised struggles over Universal. Credit.