John McDonnell was ridiculed for backing a universal basic income today after Canada and Finland axed trials that showed it was too expensive.
Tory MP Andrew Bridgen said the policy was an example of the ‘economics of the madhouse’ after the shadow chancellor said he wanted to pilot the scheme.
Mr McDonnell said the idea of replacing the current benefits system with a flat rate handout to everyone was an idea that ‘a lot of people are pressing for’ despite the eye-watering costs of introducing it.Mr McDonnell’s announcement came on the same day Canada axed trials of the policy as too […]
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