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UK labour market could feel the strain in 2017

  Bloomberg The outlook for Britain’s labour market is “fairly bleak” amid the uncertainty surrounding Brexit and low levels of productivity, according to the Chartered Institute of Personnel and Development. Slower growth, lower real wages and increasing precariousness in the workforce will be the major challenges for the UK government and businesses over the next 12 months, the CIPD said. ...

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Finland’s unemployed to get $587 per month

  Bloomberg Finland has become the first country in Europe to pay its unemployed citizens a basic monthly income, amounting to 560 euros ($587), in a unique social experiment which is hoped to cut government red tape, reduce poverty and boost employment. Olli Kangas from the Finnish government agency KELA, which is responsible for the country’s social benefits, said Monday ...

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Brexit could cost Britain $42bn of direct funding from European Union

  Bloomberg Britain risks losing 40 billion euros ($42 billion) of direct funding from European Union once it leaves bloc, according to UK parliamentary analysis. The European Structural and Investment Funds, which help develop the most deprived regions, and the European Agricultural Guarantee Fund that supports the Common Agricultural Policy are set to provide the U.K. with 17.2 billion euros ...

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