Proceedings of The 4th International Conference on Business, Management and Economics
Towards understanding a nuanced view of Universal Basic Income (UBI) in the UK
Mohammed Majid Salim MSc
This paper reviews the advocacy already put forward for Universal Basic Income. It then outlines a more nuanced view of how the payments should be theorised about whilst in the discussion stages, as part of a broader argument understanding the complexities of Monetarist thought. To this end the paper argues that UBI, if paid, would not be some kind of cash gift for consumers to be excited about, but rather a ratification of a social security principle, namely that the UK is a mature developed economy, and a going concern enough to make the payment possible, however this debate happens in a specific context this paper describes. This paper describes the way a payment such as UBI could be made without the Government feeling it has made a mistake or lost full control of the way the debate progresses.
Keywords: UBI, Monetarism, State finances, economic confidence, social security.