Finland to scrap Universal Basic Income scheme after two-year trial

(From Sky News)

Under a full roll-out of UBI, all citizens – not just those looking for a job – would have been guaranteed the same monthly payment.

Its backers say it would help tackle poverty and inequality as people would not have to worry about making ends meet – and it would encourage the unemployed to find work.

But the government has rejected a request from Kela for additional funding to expand the trial to encompass a selection of people currently in work, and has decided to cancel the project once the trial ends in January 2019.

Miska Simanainen, a researcher at Kela, told Swedish newspaper Svenska Dagbladet that the government would now pursue changes that would “take the system further away from a basic income”.