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Macron defends French labour law

PARIS / Bloomberg French Economy Minister Emmanuel Macron defended the government’s plans to overhaul the nation’s labour law, rebuffing a revolt from within the ruling Socialist Party by suggesting opponents are resisting all change in the face of an unemployment crisis. “The plan for France cannot be to change nothing,” Macron said in an interview published Sunday in le Journal ...

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Irish PM Kenny pleads for time

Bloomberg Ireland’s Prime Minister Enda Kenny pleaded for time and space to examine options to create a stable government, as the nation’s two biggest parties opened the door for an unprecedented grand coalition. Kenny’s Fine Gael secured 25 percent in Friday’s election, according to a poll for broadcaster RTE. Traditional rival Fianna Fail secured 21 percent. Under Ireland’s electoral system, ...

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UK tax revenue increases since reform on house levied

Bloomberg The U.K. Treasury has netted 15 percent more tax on home purchases worth more than 1 million pounds ($1.4 million) since reforming the levy on property transactions, analysis by the tax authorities showed. Chancellor of the Exchequer George Osborne introduced the change in December 2014 and since then more than 780,000 homebuyers saved about 657 million pounds on so-called ...

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