{UAH} UK Government 'could give everyone up to £1,000 a month Universal Basic Income during coronavirus crisis'

The government could hand out up to £1,000 a month to everyone in the country in an unprecedented response to the coronavirus crisis, it has been claimed.

With thousands of workers facing being laid off or unable to earn an income due to restrictions, many are calling for a 'Universal Basic Income' to help the most vulnerable.

A group of 500 academics have signed an open letter to the government published in The Independent today.

"It is time for governments to enact emergency universal basic income, ensuring that everyone in their jurisdiction has enough money to buy the food and other essentials they need to survive," they wrote.

Daniel Susskind, a fellow in economics at Balliol College, Oxford university, suggests in the  Financial Times  today that a £1,000 cash payout per person, per month would cost the government about £66bn a month. 

He says this is, 'a fraction of the nearly £500bn bailout the UK needed to stay afloat during the 2008 financial crisis' adding: "Universal Basic Income is an affordable and feasible response to coronavirus."

The idea has been trialled in other countries around the world including Finland, Canada and the Netherlands before with mixed success.

Ireland and Denmark are have announced similar schemes in the wake of Covid-19.

https://www.manchestereveningnews.co.uk/news/greater-manchester-news/government-could-give-everyone-up-17947235?utm_source=facebook.com&utm_medium=social&utm_campaign=sharebar&fbclid=IwAR2EyQqrJClFpxQgQNQG7uY6w40xSWoVxiIXgRUmfF5nCih4KxS0mqIvwas

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