Universal basic income 'would cost less than value of benefit cuts since 2010'

Economists’ report follows plan from New Economics Foundation in backing proposalIntroducing a weekly universal basic income (UBI) for everyone in Britain would have a net cost worth less than the aggregate cuts to benefits since 2010, according to a report.The government could make tax-free payments of £60 to every adult, £175 for those over 65 and £40 for each child under 18, regardless of other income, in a proposal designed to cut rising levels of poverty and inequali