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Universal Basic Income: What it means and how it could shake up social security

10.07.2020 - 21:18

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dailyrecord.co.uk

dailyrecord.co.uk:

Universal Basic Income is being hailed as the answer to a crisis in finances and welfare.Supporters including Scottish First Minister Nicola Sturgeon say a guaranteed, regular cash payment to all residents would be a simple way to provide social security.In her latest comment on the policy, Sturgeon said: “I’ve long been an advocate of serious explorations of UBI.

The fundamental disruption that we’re living through right now in the economy makes that an even stronger case.”Countries all over the world have considered it but few have gone beyond the drawing board.

And the UK Government has so far resisted calls for a re-think.What is Universal Basic Income?It is a single, set payment offered to all eligible residents as a right.