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The idea that a Universal Basic Income fuels inflation makes no economic sense

But it'll host its own Ubisoft Forward Live event at around the same time.

Universal Basic Income (UBI), a programme in which all adult citizens are given a regular amount of money to spend on what they choose, dominates the debate on the future of social policy. It is based on the idea that in the middle of plenty, millions of people still suffer…

Taiwan is giving citizens and permanent residents a one-off cash payment of NT$6,000, a step towards ensuring that the benefits of economic growth are shared by all.

Its advocates range from Tim Berners-Lee to Pope Francis, while Andy Burnham has said he’d like to see it trialled in Greater Manchester. So could UBI be an idea whose time has come?

When the Covid-19 pandemic and the resulting recession pushed 120 million people worldwide into extreme poverty in 2020, many countries relied on social-protection measures to cushion the blow. By May 2021, a total of 3,333 such schemes had been planned or implemented in 222 countries or territories.