The Finnish government has decided to not expand its trial of a pioneering new social security scheme that gives citizens a guaranteed income instead of means-tested benefits.
Since January 2017, 2,000 unemployed Finns have been receiving a flat monthly payment equivalent to £490.
The Finnish Social Insurance Institute – known as Kela – hoped that it could provide an end to increasing income inequality and growing insecurities born of the ‘gig’ economy.However the finance ministry has declined further funding for the scheme after experts warned Universal Basic Income (UBI) could increase inequality. How did the Universal Basic Income trial work? The […]
Full Post at inews.co.uk