England to Trial Universal Basic Income of £1,600 per Month

1 min read
Source: CNBC
England to Trial Universal Basic Income of £1,600 per Month
Photo: CNBC
TL;DR Summary

Independent think tank Autonomy has published plans for a two-year trial of a universal basic income (UBI) in the UK, which would see 30 people receive £1,600 ($1,983) each month. The trial would cost an estimated £1.15m and would assess the impact of UBI on participants' lives. A separate group would be monitored to understand the difference in their experiences. The trial would take place in two areas of the UK, with participants selected at random. UBI has been proposed as a way to alleviate poverty and take pressure off social security systems.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

3 min

vs 4 min read

Condensed

85%

63493 words

Want the full story? Read the original article

Read on CNBC