Prof Patrick Minford says a "tremendous tax" would be needed to pay for the idea Paying everyone in Wales a universal basic income would be a "worrying and extremely expensive socialist experiment", an economist has warned.
Finance Secretary Mark Drakeford said the idea was "attractive" and could help tackle poverty and inequality.
Supporters said it would help unemployed people who fear taking a job would lead to cuts in their benefits.But Patrick Minford from Cardiff University’s Business School said it was "not a workable scheme".Under Universal Basic Income (UBI) everyone would receive the same sum of money regardless of whether […]
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