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£ 1000 per month "Affordable and Workable Coronavirus Response"



CONTRIBUTION IN ORIGINAL LANGUAGE

Daniel Susskind, Fellow in Economics at Balliol College, Oxford University and author of “A World Without Work”, has long been skeptical of the Universal Basic Income (UBI): One payment to all, without conditions.

In which Financial Times He explained why his opinion has changed due to the coronavirus crisis: “A UBI could be affordable. For example, spending £ 1.000 cash per person per month would cost the government about £ 66 billion a month - a fraction of the £ 500 billion bailout that Britain needs to stay afloat during the 2008 financial crisis. "

Since no "bulky bureaucracy and administration" and no means test would be required, he concluded: "In the UK everyone gets £ 1.000 - it's that easy. We can do this quickly. "

Picture: Pixabay

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Written by Sonja Vlaar

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