Submitted on Sunday 19th April 2020
Rejected on Monday 29th June 2020
Current status: Rejected
Rejection code: duplicate (see below for details)
Introduce this fully funded model of Basic Income
This Model of Basic Income could be highly effective in providing basic provisions to the masses, during times of a pandemic and other national emergencies.
The total cost of this provision is less than 7.5% of GDP.
Please see detailed below: Benefit: £2500.00 per annum per person.
Total cost: 170 billion (68 million X 2500)
Of this 100 billion could be recovered through abolishing the personal tax allowance. A further 12 billion is recovered by stopping child benefit because all children will receive £2500 per annum. To fund the short fall of £58 billion, a quantitative easing mechanism should be used. As it's a better use of digital money created by Bank of England then buying Government Bonds to increase asset prices with the hope of increasing economic activity.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
You may wish to sign some of these petitions:
Implement Universal Basic Income to give home & food security through Covid-19: petition.parliament.uk/petitions/302284
Implement a Universal Basic Income for All UK Citizens From Now On: petition.parliament.uk/petitions/315602
You can find out more about coronavirus and how you can protect yourself and others here:
www.gov.uk/coronavirus
www.nhs.uk/conditions/coronavirus-covid-19/
The Government has also created an online service to help you find out what you can do if you’re struggling because of coronavirus: www.gov.uk/find-coronavirus-support
You can read NHS tips to help if you are worried about coronavirus here: www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips
You can read impartial analysis of the Government response to coronavirus and policy developments here: commonslibrary.parliament.uk/coronavirus/
You may also be interested to know that because of the large number of petitions that have been started in relation to coronavirus, the Petitions Committee has been questioning the Government about its response to the coronavirus outbreak.
Find out more: committees.parliament.uk/work/192/the-governments-response-to-coronavirus/
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