Ahead of the launch of its 2022 Assembly election manifesto tomorrow (Thursday 21st April), the Green Party NI has announced a fully-costed policy to offer a basic income payment to all young people leaving care in Northern Ireland.
Brian Smyth, the Green Party NI candidate for East Belfast said: “For too long, Stormont has put the interests of the fortunate few above the interests of the many. It’s time to change that.
“Owners of expensive houses valued at over £400,000 currently pay proportionately less rates than the rest of us. In the middle of a cost-of-living crisis it’s time to end tax breaks for the rich.
“We’ll use the money raised to roll out a basic income scheme for young people leaving care, giving each of them £1,000 a month for one year.
“This will provide much-needed financial support to some of our most vulnerable young people as they leave care, as well as testing the benefits of basic income, a policy which is picking up traction globally.
“A similar policy is being launched in Wales, and we believe that politicians in Northern Ireland shouldn’t be afraid of adopting cutting-edge and radical policies aimed at tackling inequality.
“It’s time to end tax breaks for mansions. It’s time to invest in our young people.”
- The basic income scheme will give all young people leaving care at 18 a payment of £1,000 a month for one year, at a total cost of up to £3.6m annually if 300 care leavers participate.
- All costs will be covered by the over £4m in annual revenue raised by lifting the rates cap.