Even a fairly meagre UBI scheme would provide a much stronger and more socially just safety net.
If the forecasters are right we are facing a jobs massacre. Unemployment is predicted to soar this autumn, and the only question is by how much (the Office for Budget Responsibility expects joblessness to triple from 3.9 per cent to 12 per cent). Once the Chancellor Rishi Sunak’s furlough scheme ends in October, many businesses will be unviable. The Job Retention Bonus, which offers £1,000 to employers for every worker retained until January, will only move the cliff edge, even if it works.
Just […]
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