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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

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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.

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