Nicola Sturgeon’s Universal Income is costed at £12.3bn

Nicola Sturgeon’s Universal Income is costed at £12.3bn

Nicola Sturgeon intends to consider a basic income for all. Introducing a citizens’ income for everyone in Scotland would cost the public purse an extra £12.3 billion per year and lead to punitive income tax rises, official analysis has revealed.

A paper prepared by Scottish Government civil servants for First Minister Nicola Sturgeon has warned that taxpayers could face an income tax rate of 50 per cent across all bands to fund the scheme.

The analysis also suggests that the tax-free personal allowance would have to be removed in order to pay for the multi-billion pound scheme to give […]

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