Thursday , May 2 2024
Home / Mike Norman Economics / Coronavirus: Over 170 MPs and Lords call for universal basic income during pandemic

Coronavirus: Over 170 MPs and Lords call for universal basic income during pandemic

Summary:
Cross-party group of parliamentarians say emergency policy needed to give financial security I'm just hoping it wouldn't be inflationary.  Over 170 MPs and peers have urged the government to introduce a universal basic income to "give everyone the financial support they need to provide for themselves and their families" during the coronavirus pandemic. In a letter to chancellor Rishi Sunak the parliamentarians say that the plan to pay every adult a flat, unconditional sum of money each week for the duration of the crisis is a "practical, not ideological" proposal.  Coronavirus: Over 170 MPs and Lords call for universal basic income during pandemic

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

NewDealdemocrat writes March JOLTS report: declines in everything, fortunately including layoffs

NewDealdemocrat writes Manufacturing treads water in April, while real construction spending turned down in March (UPDATE: and heavy truck sales weren’t so great either)

Eric Kramer writes Eric Segall tells us what he really thinks about the Roberts court

Angry Bear writes Supreme Court watchers mollified themselves (and others) with vague promises 

Cross-party group of parliamentarians say emergency policy needed to give financial security


I'm just hoping it wouldn't be inflationary. 


Over 170 MPs and peers have urged the government to introduce a universal basic income to "give everyone the financial support they need to provide for themselves and their families" during the coronavirus pandemic.

In a letter to chancellor Rishi Sunak the parliamentarians say that the plan to pay every adult a flat, unconditional sum of money each week for the duration of the crisis is a "practical, not ideological" proposal. 







Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *