Universal basic income: What is universal basic income?

Universal basic income: What is universal basic income?

Increasing numbers of people are calling for universal basic income (UBI) for as long as the coronavirus crisis lasts. Some experts argue a UBI is the only way in which everyone, regardless of employment status, will be protected from the worst of the economic turmoil inevitably brought on by coronavirus. What is universal basic income?

The idea of universal basic income is for everyone to be treated financially equal. UBI stems around giving every citizen, regardless of how much money they make, a sum of money.

The sum would be paid regularly and would extend to cover the person’s lifespan.Jamie […]

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