Imagine that every week, an extra £100 appeared in your bank account.
What do you do? Kick back knowing you don’t have to work so hard, or pay off debt, go back to study, start a new business? How would a little regular income with no strings attached change your life?
This is universal basic income, and it has seized the imagination of such strange bedfellows as the shadow Chancellor, John McDonnell, and Tesla’s boss, Elon Musk. The gist is this: a fixed sum automatically arrives in your bank account. It is tax-free and not means-tested and how much is given […]
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