€1200 per month is around £1000, there are 43.1m working age people in the UK, that's £517.2 BILLION per year.
The NHS costs £181.7b per year and climbing & we struggle to afford that.
HMRC collected £828.9 billion in taxes in 2023 to 2024
UBI would cost 2.8 NHSs per year and 62% of all the tax revenue.
"Tax the rich!" You're probably thinking... "The combined wealth of the 350 wealthiest individuals and families in the [Sunday Times Rich] list totals £965 billion," even if you took every penny real and imagined from the rich, you'd only manage it once and get not even two years of UBI from it.
The NHS costs £181.7b per year and climbing & we struggle to afford that.
HMRC collected £828.9 billion in taxes in 2023 to 2024
UBI would cost 2.8 NHSs per year and 62% of all the tax revenue.
"Tax the rich!" You're probably thinking... "The combined wealth of the 350 wealthiest individuals and families in the [Sunday Times Rich] list totals £965 billion," even if you took every penny real and imagined from the rich, you'd only manage it once and get not even two years of UBI from it.
UBI isn't going to happen.