Universal Basic Income of £10,000 proposed for everyone under 55

Universal Basic Income of £10,000 proposed for everyone under 55

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What would you do with £10,000?

The government should give £10,000 per year to every citizen under 55, a report suggests.The Royal Society for the encouragement of the Arts, Manufactures and Commerce (RSA) says it could pave the way to everyone getting a basic state wage.The Labour Party has also said it is looking into similar arguments for a Universal Basic Income (UBI).Scotland is already piloting UBI schemes in Glasgow, Edinburgh, Fife and North Ayrshire.The RSA report says the payments would come from a British sovereign wealth fund in the form of two annual […]

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