The advantages and disadvantages of the contribution base in targeting benefits: A social analysis of the insurance scheme in the United Kingdom

Abstract

This article assesses the role which social insurance plays within the social security scheme in contemporary Great Britain, and presents this analysis for comparison and assessment to an international audience. The structure of the Beveridge scheme is briefly outlined and adaptations to it discussed. The scheme's failure to provide comprehensive social protection in Great Britain is then explained and the consequent drift towards social assistance is noted. A contrast is drawn between the advantages and disadvantages of insurance protection from a social policy perspective. Finally, the prospects for social insurance are briefly appraised and compared with alternative possible models for social security. From this it is concluded that, despite its past failings, even in Great Britain the prospects for social insurance protection remain strong.