It is reportedly the highest amount offered on a basic income scheme anywhere in the world. All young people leaving care in Wales will be offered £1,600 per month from when they turn 18, in a new trial of universal basic income (UBI) to begin next year.
The money will be given to participants unconditionally for two years. Making a yearly income of £19,200, officials have said it is the highest amount of money in a UBI scheme anywhere in the world.
The government says it will deliver financial stability to 500 young people leaving care, who are some of the […]
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