Would Universal Basic Income be an effective policy?

Unchallenged

Countries have had periods in which their welfare spending was higher than what would be required for a Universal Basic Income.

In the UK, the net cost of Universal Basic Income could be less than the total spend on welfare prior to post-financial crisis cuts. Thinktank Compass's proposals, welcomed by Labour Party's John McDonnell, would cost a total of £28 billion.

Sources