Clarification – Labour tax bombshell UBI would cost taxpayers £520 billion – 27/01/20

Clarification – Labour tax bombshell UBI would cost taxpayers £520 billion – 27/01/20

On 23 September 2019, we published an article headlined ‘Labour’s tax bombshell: Corbyn’s benefits splurge plot would cost taxpayers £520 billion’ the article focused on Labour’s potential objective of introducing a universal basic income and its associated costs.

– (Image: Daily Express) We have been asked to clarify that the figure of £520 billion is based on the assumption that the Labour Party introduces a universal basic income for all adults at a certain level. At the time of publication of the article , Labour had only stated it would trial such a scheme if it got into government. […]

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