Shadow chancellor John McDonnell has revealed that Labour is considering piloting the radical policy of universal basic income (UBI) if elected into government.
If utilised correctly, it has the potential to revolutionise the Department for Work and Pensions (DWP). What is a basic income?
In UBI’s purest form, the state pays an unconditional wage to all its citizens. Everyone from Prince William to a rough sleeper would receive the same amount on the same date every month.It’s not a new idea. Its roots can be traced back as far as 1516. However, it’s gathering traction as the perfect remedy for […]
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