We're proposing a Covid Dividend that would give:
all working-age adults (16-64) £400 each month
all children and pensioners £200 each month
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
Our proposal paper demonstrates how we can easily afford a Resilience UBI.