UBI LAB NETWORK has published a proposal for a Resilience Universal Basic Income which is based on a Covid Dividend, that would give all working-age adults (16-64) £400 each month, and all children and pensioners £200 each month.

UBI Lab Network says: “The end of furlough and the £20 cut to Universal Credit will hit the poorest families hard this winter. The pandemic is not yet over. We urgently need to provide support and security to households across the UK. Unless we replace the furlough scheme with another form of support, millions of people will be plunged into poverty.

“The Resilience UBI would last one year, but could be extended depending on circumstances. Like the furlough scheme, we would fund a Resilience UBI through Quantitative Easing. This means the Bank of England would create new money to pay for the scheme.”

A Resilience UBI would:

  • Guarantee economic security for every household in the UK.
  • Give citizens the spending power to revive our communities and our high streets.
  • Build up resilience in individual households and our economy to protect against future shocks.

The proposal paper explains in detail how the UK could afford a Resilience UBI.

UBI Lab is a worldwide network of citizens, researchers and activists exploring the potential of Universal Basic Income (UBI). UBI is a regular and unconditional payment given to everyone regardless of their income, wealth or work. Supporters say a UBI could provide financial security for all, building more resilient economies and giving everyone the resources they need to thrive. UBI Lab Network believes the time has come to pilot this radical new idea.

* See what impact the Resilience UBI would have on your household and download the costed proposal  here.

* Source: UBI Lab Network