An anonymous reader quotes a report from the Guardian: The UK could introduce a universal basic income (UBI) to protect workers in industries that are being disrupted by AI, the investment minister Jason Stockwood has said. "Bumpy" changes to society caused by the introduction of the technology would mean there would have to be "some sort of concessionary arrangement with jobs that go immediately", Lord Stockwood said. The Labour peer told the Financial Times: "Undoubtedly we're going to have to think really carefully about how we soft-land those industries that go away, so some sort of [universal basic income], some sort of lifelong mechanism as well so people can retrain." A universal basic income is not part of official government policy, but when asked whether people in government were considering the need for UBI, Stockwood told the FT: "People are definitely talking about it." [...] While he has previously been a vocal proponent of a wealth tax in the UK, Stockwood told the FT he had not repeated his calls for the government to go further on taxing the rich. However, he added: "If you make your money and the first thing you do is you speak to a tax adviser to ask: 'Where can we pay the lowest tax?' we don't want those people in this country, I'd suggest, because you're not committed to your communities and the long-term success in this country."

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