The Leader podcast: What would you do with a free £1,600 monthly?

London universal basic income trial & “life-changing money”
What would you do with a free £1,600 monthly?
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Universal basic income is the levelling up trial that’s been getting some considerable attention.

Now, after projects testing out the social welfare scheme in other parts of the world, two similar experiments here in England are being drawn-up, one in north London’s East Finchley and the other in Jarrow, South Tyneside.

In the capital, it would see 15 participants given £1,600 per month for two years - just over £575,000 in total - in the hope it can help alleviate poverty for some of the worst-off Londoners so they can pursue studies and work.

Local researchers will also be trained and paid to monitor the trial’s impact.

The idea is that automatically giving trial participants the same amount of cash monthly could also reduce the cost to taxpayers of running a complex means-tested benefits system.

But the controversial scheme’s critics say it’s costly, unproven and gives people money for nothing.

To find out more, The Leader podcast’s in East Finchley, where volunteers have been working with the think-tank Autonomy to bring the scheme to life, subject to a big funding boost.

We’re at the Grange Big Local, a resident-led project that’s funded with lottery money, to meet with Julia Hines, a board member and volunteer who’s helping facilitate the universal basic income trial.

Listen above, and find us on your Spotify Daily Drive or wherever you stream your podcasts.

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