Economy

Saxo Bank sees possible boost for universal basic income in 2021

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LONDON — Saxo Bank says universal basic income could become a permanent reality next year, triggering a “seismic rebalancing” of society as workers wave “bye-bye” to big city life.

In a report entitled “Outrageous Predictions,” the Danish bank on Tuesday outlined 10 “outlandish forecasts” for 2021, although it did stress these are not its “official” views.

Among the predictions, the bank said that measures implemented by governments to support lost wages in response to the coronavirus pandemic could become permanent, and this new era of free money would crush commercial real estate.

“The risk that societies are entirely torn apart results in the realisation that the Covid-19 measures…



Source cnbc.com

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