Support Grows For Universal Basic Income Trials in UK
On the U.K. political scene, support may be growing for new tests of a Univerisal Basic Income. The Guardian reports: A cross-party group of MPs has called on the government to allow councils to run universal basic income trials in response to mass unemployment triggered by the Covid-19 pandemic. A letter to the chancellor, Rishi Sunak, signed by more than 500 MPs, lords and local councillors says pilot schemes are urgently needed as the pandemic unleashes widespread economic disruption and drives up redundancies at the fastest rate on record this winter... "We must trial innovative approaches which create an income floor for everyone, allowing our families and communities to thrive. The pandemic has shown that we urgently need to strengthen our social security system. The creation of a universal basic income (UBI) — a regular and unconditional cash payment to every individual in the UK — could be the solution," the letter states. One UBI option flagged by the group would be to launch an initial £48 per week payment. [Roughly $62.08 in U.S. dollars] Demands for such an intervention have gathered pace since the onset of Covid-19 as governments around the world increase spending to help businesses and workers. There have been UBI trials in Finland and Scotland in recent years.
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