Sunak won’t tackle the cost of living crisis. A basic income can.

The government is cutting benefits. Again.

Sunak announced a promise to cut income tax in 2024. Coming from the party that has overseen the largest tax rises in decades (and lowest corporation tax rates), it’s hard to swallow. A cut in two years also fails to make a dent in the financial hardship people are experiencing now. Moreover, more than 20% of households don’t pay income tax. That’s 42% of adults in the UK that this policy doesn’t help in the future, never mind now when folks are turning down potatoes at a food bank because they can’t pay for the energy to cook them.

Breaking point

In April, we’re expecting average household bills to rise by 54%. That means almost £2,000 more a year spent on the necessities at home. We’re also potentially expecting that to rise in October again to end the year with households spending about £3,000 a year on bills. All while the projected operating profit margins for gas and electricity distribution networks in 2022 are 41.2% and 50.7% respectively.

Financial security for everyone

It’s in times like this that the appeal of basic income becomes crystal clear. Again, a basic income would mean financial security for everyone, guaranteed, forever. In a world where insecurity is the new normal, it’s time to get serious about providing real financial security.

Tell politicians you demand a better future.

As their constituent, ask your representative to join the CPPLG. Ask them to engage with basic income as a response to the cost of living crisis.

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