John McDonnell’s universal basic income idea is interesting – but will need a lot more thought

John McDonnell's universal basic income idea is interesting – but will need a lot more thought

John McDonnell floated the idea of introducing a UBI in his interview with the Independent Like acquiring a family dog, the adoption of a universal basic income (UBI) may be an attractive project in principle – but how well it turns out in particle depends a good deal on its size and its nature. In his interview with The Independent today, the shadow chancellor John McDonnell floats the idea without giving much clue as to how substantial the UBI would turn out to be.

Politically, at this stage when the policy is still being formulated, this caution is wise. However, […]

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