Chancellor Rishi Sunak ruled out a universal basic income. (PA) UK chancellor Rishi Sunak has ruled out introducing a universal basic income (UBI) in Britain, dashing the hopes of some campaigners.
The finance minister said it was not the “right response” to the COVID-19 pandemic and defended the existing welfare system when asked about UBI on Tuesday.
UBI involves unconditional cash payments to all citizens whatever their income, either replacing or complimenting other targeted welfare benefits or tax allowances.Calls for UBI in Britain have grown in recent weeks, as millions of households have taken an economic hit from the coronavirus lockdown. […]
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