Whilst I understand the potential folly of this debate with you, as your economic views are very right wing, even if you don't class yourself as right wing, I'd argue that the long term economy (or least the wider socio-economic state) was due to massively change anyway, which would have been financially painful, & this has just brought it much closer.
We all know a significant part of the labour market was going to be replaced by automation & every increasing AI, & even in what are regarded as stable jobs in the UK, like contact centres & ever more service sector jobs.
Universal Basic Income is the only logical long term solution to that, & is an excellent way to provide some stability in the shorter term now, giving people a chance to either reskill or open new businesses that fill a gap in the market (the amount of new food/sweet/drinks delivery businesses that have opened in the last couple of weeks is HUGE just in Liverpool alone).
More enlightened governments around the world have been discussing & planning for UBI & various measures leading up to it for some time, it's a logical step, because you can't have up to half your population with no money to spend & expect your economy to run, not without creating ghettos full of the penniless & disenfranchised.
Anyway, I know this could take this thread off track, if so maybe we'll move these to a 'covid-19 & the economy' thread.