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A springboard for new citizens: universal basic capital and a citizen’s day

Le Grand, Julian ORCID: 0000-0002-7864-0118 (2020) A springboard for new citizens: universal basic capital and a citizen’s day. LSE Public Policy Review, 1 (2). ISSN 2633-4046

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Identification Number: 10.31389/lseppr.8


In recent years there have been several proposals from academics, think tanks, and politicians for a universal grant of basic capital (UBC) to be awarded to every citizen. There has been one UBC programme that was actually implemented: the British Child Trust Fund, started in 2003 by a Labour Government and abolished by a Coalition Government in 2011. This paper discusses the case for a UBC, focusing attention on its potential for helping young people to attain long-term positive outcomes in several dimensions of life, from employment to health. By looking at the experience of the Child Trust Fund, the paper also highlights lessons for how a UBC should be implemented in practice. It proposes a Citizen’s Day: a coming-of-age occasion, marked by a ceremony at which a substantial UBC is awarded, along with the right to vote.

Item Type: Article
Official URL:
Additional Information: © 2020 CC-BY The Author
Divisions: Social Policy
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HJ Public Finance
JEL classification: I - Health, Education, and Welfare > I3 - Welfare and Poverty > I30 - General
Date Deposited: 25 Jan 2021 09:36
Last Modified: 15 Sep 2023 16:42

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