PATRICK SPENCER: The Times, Red Box (£)

15th May 2020

Universal basic income is not the answer to this crisis

There is no doubt that Covid-19 is a global humanitarian emergency. The depth of this public health disaster will largely be determined by our response. Covid-19 has also sparked a global economic emergency. The chancellor has stepped in with secured loans and grants for small businesses, income protection for furloughed workers and the self-employed, as well as increasing benefit payments.

Lots of people want more though, and some have argued for a universal basic income (UBI). This is a government cheque written to every individual in the country, regardless of their financial situation or age. In Red Box last week Neil Howard from the University of Bath claimed it was “both common sense economics and good social policy”.

Continue to read HERE | @timesredbox

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