The Unemployment Insurance Act 1920

The Unemployment Insurance Act 1920 was an Act of Parliament in the United Kingdom. It created the welfare (weekly exchange unemployment benefits) system of payments to fired workers. The Act passed at a abstraction of rattling immature unemployment, when the Conservatives submissive Parliament. It set up the pogey group that provided 39 weeks of unemployment benefits to over 11 1000000 workers--practically the uncastrated noncombatant working population object husbandly personnel, farm workers, track men, and subject servants. Funded in object by weekly contributions from both employers and employed, it provided weekly payments of 15s for dismissed men and 12s for unemployed women. Student Physicist Loch Mowat calls this government "Socialism by the hind entranceway," and notes how flabbergasted politicians were when the costs to the Treasury soared during the peaky unemployment of 1921.