Exclusive: Ed Davey tells Rishi Sunak to fund universal basic income with coronavirus debt-for-shares plan

Exclusive: Ed Davey tells Rishi Sunak to fund universal basic income with coronavirus debt-for-shares plan

AddThis Sharing Buttons Share to FacebookFacebook Share to TwitterTwitter Share to LinkedInLinkedIn Share to EmailEmail The Liberal Democrat leader has outlined his plans to fund a universal basic income Sir Ed Davey has called on the Treasury to allow struggling firms to swap coronavirus loan debt for shares as part of a scheme to fund a universal basic income.

The acting Liberal Democrat leader said ministers should reconsider their opposition to introducing a universal basic income (UBI) as he outlined plans for a new ‘Sovereign Wealth fund’ to finance the scheme.

Under the plans, firms who could not pay back their […]

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