Governments have spent large sums of money to protect the most vulnerable in society, but might a universal basic income have been a better response? Such a policy could bring many benefits – but it would be an expensive way to reduce poverty and support the most needy.
The depth of the Covid-19 recession risks exposing large numbers of people to poverty. Economic activity has plummeted and millions of jobs are at risk. The government has spent an unprecedented amount on policies to help to mitigate the worst effects of the crisis, particularly for the most vulnerable in society. […]
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