Universal Basic Income: The single payment that could replace Universal Credit

Universal Basic Income: The single payment that could replace Universal Credit

The idea of the scheme would be to eradicate poverty and support those struck by unemployment A Labour MP has pledged to scrap Universal Credit and replace it with a new one-for-all payments system, if his party regains power.

Shadow Chancellor John McDonnell said Labour will introduce a ‘Universal Basic Income’ system if it wins the next election.

The scheme, which has just completed a two year trial in Finland , will see the current welfare state overhauled and replaced with a single payments policy to address poverty and unemployment.It would mean an end to fit-for-work tests, an end to assessment […]

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