Brave new world of UBI? - Pembroke Financial IFA's

Brave new world of Universal Basic Income (UBI)?

If those three letters mean nothing to you now, they may do soon. Universal Basic Income – or UBI – is becoming a serious option in radical tax and benefits reform. Do you know what it’s all about? Universal Basic Income (UBI) has become a topic attracting attention among some think-tanks and political parties, both in the UK and overseas. The idea behind UBI is simple and has an obvious electoral appeal. In its most basic form, UBI would give every citizen a government paid regular cash income, subject to the most minimal of qualifications, e.g 18 or over and not imprisoned. Millionaires and paupers, students, full time employees and pensioners would all receive the same amount…