Bloomberg Businessweek

Britain’s Botched Welfare Overhaul

Universal Credit was a good idea that became bad policy, helping crystallize support for Brexit
McCarthy

The agonizing effort to leave the European Union is taking up every breath of U.K. politics, so most people haven’t taken note of the 10th anniversary of one of the root causes of the country’s discontent.

Back in September 2009, a group of researchers, academics, and management consultants hired by a think tank led by a Conservative Party grandee published its recommendations for simplifying Britain’s complex social-security system. It laid the groundwork for a big idea: Six types of benefits—including tax credits for parents, unemployment payments, and contributions toward housing—should be bundled into a single payment known as Universal Credit. Within a year, the Conservatives had won power and

Stai leggendo un'anteprima, registrati per continuare a leggere.

Altro da Bloomberg Businessweek

Bloomberg Businessweek15 min letti
Faked Alaska
Elizabeth Pierce promised to bring superfast internet cables through the Northwest Passage and managed to scam a billionaire oligarch, the CEO of Warner Music Group, and the FCC chairman
Bloomberg Businessweek5 min letti
Can the Nike of China Go Global?
Beijing’s fight with the NBA is making headlines. But the real sports story in China is Anta’s bid to expand worldwide
Bloomberg Businessweek4 min lettiPolitics
Advantage, Putin
The day after he decided to shift U.S. troops out of the path of the Turkish military incursion in Syria, President Donald Trump took to his usual platform to defend his actions. “The two most unhappy countries at this move are Russia & China,” he sa