Imagine if the UK scrapped Universal Credit – and every single other benefit – to give everyone a basic income instead?
It’s a concept that’s been toyed with in the past – and would end the bureaucratic nightmare that the six-in-one benefit seems to have turned into – but how would it work?
A basic income would, in theory, pay every person the same amount – whether they were employed or not – and would be used to boost workers’ pay, help others save and keep people out of work afloat.And Finland has just completed a major experiment of it – […]
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