Is universal basic income a good idea? This is Money podcast

Economy
By Liam

Money for nothing: is universal basic income a good idea? This is the Money podcast

Through this is money

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Universal basic income is a controversial idea and not just because the money is for nothing.

Paying everyone a fixed amount every month as basic income has intrigued economists and central bank geeks for years.

Proponents say it has the power to improve physical and mental health and the economy and society, but critics say it is the beginning of a slippery slope towards state dependency and control.

A new proposed trial for 30 people in the UK to get £1,600 a month has put the topic back on the agenda.

So is universal basic income a good or bad idea? Georgie Frost, Lee Boyce and Simon Lambert discuss it in this podcast episode.

Also on this week’s show:

Why aren’t our energy bills lower when wholesale prices have plummeted? The team looks at the complicated relationship between pricing, hedging, other costs… and whether we’re just being ripped off?

In addition, rates have skyrocketed in a mini-inflation panic, so what can you do if you get into the mortgage storm and it will die down?

And finally, which UK stocks have done the best and worst this year and what does that say about the investment landscape?

Is universal basic income a good idea to help the economy and society or just money for nothing, as Dire Straits sang?

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