Economic Impact of a Minimum Income Guarantee: Analysis of economic theory and policy evidence - Executive Summary

Footnotes

1 The Minimum Income Standard is based on research undertaken by Loughborough University with members of the public to understand the items that the general public think need to be included in a minimum household budget. The results show what different households need in a weekly budget and how much they are required to earn to achieve this. See: https://www.lboro.ac.uk/research/crsp/minimum-income-standard/

2 It is important to note that we have not explored any restrictive Minimum Income Guarantee-type schemes as the design, implementation and aim of these schemes does no align with the Scottish Government’s policy goals for a Minimum Income Guarantee.