READ HERE - Article by Damien Edgar
As the executive announces a £95m retail voucher scheme, attention is turning to other ways to financially support those affected by the pandemic.
Universal basic income (UBI) has been proposed as a potential way of future-proofing for any society-wide event.
It is something that has operated in other countries, but has not yet been seen in the UK.
So could UBI be one solution to huge levels of economic uncertainty, as seen during the coronavirus lockdown?
What is UBI?
Universal basic income is a flat rate payment that is paid on a regular basis to every individual in society, regardless of their employment status.