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Pound drop boosts UK manufacturing, pushes up factories’ costs

    Bloomberg UK manufacturing grew at the fastest pace in 2 and a 1/2 years in December, helped by the pound’s deprec- iation since the vote to leave the European Union. After dipping sharply in the wake of the Brexit referendum — dropping below the key 50 level in July — the IHS Markit Purchasing Managers Index has since ...

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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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