It's unlikely Switzerland will be paying every citizen a basic income

 
Lynsey Barber
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Money won't be available as a universal basic income in the country (Source: Getty)

You might be surprised to find Britain isn't the only country in Europe that's in the throes of a referendum.

Switzerland is having its own vote on whether it should pay everyone in the country a basic income rather than running a complicated welfare system – and the initial results are in, according to the pollsters.

The wealthy nation has rejected the proposal, which would have given every adult a rather comfortable 2,500 Swiss francs (£1,755) and children 625 francs (£441).

Read more: The next great tax reform: Universal Basic Income

The early poll ahead of the official result, from GFS polling for the Swiss broadcaster SRF, indicates more than three quarters of voters rejected the plans, which politicians in the country had largely been against.

They had warned it would cost the country's economy and give people an incentive not to work, but campaigners have said the idea is an answer to increasing unemployment and the automation of jobs.

Finland, the Netherlands and Canada are among other countries considering steps to introduce a General National Income (GNI).

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