Universal Basic Income (UBI) has become an increasingly popular topic, and the UK is set to put the trendy socioeconomic theory to the test.
The trial is to be steered by think tank Autonomy and it will see £1,600 paid per participant per month over a two-year period.
Participants will be selected from Jarrow, n north-east England, and East Finchley, in north London. Costing less than £2mln, the trial will remain limited in scope but it marks a curious step towards what has long been hailed as a revolutionary economic idea.It’s early days as far as a potential country-wide roll-out is […]
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