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The Guardian - UK
The Guardian - UK
World
Sam Jones in Madrid

Spanish minister proposes €20,000 ‘universal inheritance’ from age of 18

Yolanda Díaz
Yolanda Díaz said she aimed to ‘allow the young people of our country to have a future regardless of their surname’. Photograph: Isabel Infantes/Reuters

Spain’s leftwing labour minister, Yolanda Díaz, has proposed a scheme to tackle social inequality by giving every young person in the country €20,000 (£17,000) to be spent on study, training or setting up a business once they reach the age of 18.

According to Díaz’s Sumar platform, which announced the policy before Spain’s snap general election on 23 July, the initiative would cost €10bn, which would be raised by taxing the rich.

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