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'ordinary families would pay the price'

Labour Party plans to dole out pay for no work… even for people who have a job

Business groups were horrified by the proposal, which had only been considered by the fringe Green Party until now

LABOUR is looking at doling out pay to everyone in the country whether they are working or not, John McDonnell has revealed.

The hard left Shadow Chancellor told the party?셲 annual conference he is studying a plan to bring in Universal Basic Income.

Labour Party Conference - Day Two
Getty Images
Hard left Shadow Chancellor John McDonnell is interested in doling out benefits to everyone in the country regardless of whether they are in employment

Under the policy, all means-tested benefits are dumped and replaced with a standard flat-rate payment for every citizen.

Business groups reacted with horror to the plan, nicknamed the ?쁌oney-for-Nothing??

It is being trialled in the Netherlands, but only the Green Party has called for it in Britain so far.

In Britain only the fringe Green Party, led by Caroline Lucas and Jonathan Bartley, has called for a universal basic income
PA:Press Association
In Britain only the fringe Green Party, led by Caroline Lucas and Jonathan Bartley, has called for a universal basic income until now

Mr McDonnell – leader Jeremy Corbyn?셲 closest ally – said: ?쏻e?셪l be taking a serious look at how to make the welfare system better support the self-employed.

?쏧 am also interested in the potential of a Universal Basic Income – to learn from its potential from the experiments currently taking place across Europe.??/p>

He also insisted the minimum wage will be pushed to 짙10 an hour under a Labour government.

Labour Party Conference - Day Two
Getty Images
McDonnell said he wanted to raise the minimum wage to 짙10, and increase taxes upon ‘those who hold wealth’ to decrease the burden on혻working salary-earners

Laying out another socialist vision, Mr McDonnell also told the party faithful it?셲 his ambition to shake up the tax system to shift the burden “away from those who earn wages and salaries and on to those who hold wealth”.

Tim Thomas, Head of Employment & Skills Policy at EEF, the manufacturers??organisation, said: ?쏻hilst we are supportive of a national living wage, this proposal would be extremely damaging”.

Chris Philp MP, l
SWNS:South West News Service
Chris Philp MP, member of the Treasury Select Committee, said the ‘economic experiment’ would take money away from ordinary hard-working families
John McDonnell vows 'no more Philip Greens' under Labour

Tory member of the Treasury Select Committee Chris Philp MP said: ?쏬abour?셲 latest economic experiment would mean raiding the pay packets of ordinary families.

?쏧t will be the British people who will be the losers, as Labour will spend, borrow and tax even more than they did last time.

?쏬abour are divided, incompetent and a risk to our economy ??and ordinary families would pay the price.??/p>