Link All Benefit Payments to the Minimum Wage
Link all benefit payments to the minimum wage, including universal credit, pensions etc.
Each benefit would be payable at a percentage of the average minimum wage.
For example the state pension would be 50% of the average minimum wage i.e. 40 hours per week x £6.31 x 52 weeks per year = £13,125 £13,125 x 50% = £6,562.50 or £126.20 per week.
A link such as this would mean we were all truly in it together as everyone's income would be linked to the minimum wage.
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