Sunday, 6 December 2015

Finland Is Considering Giving Every Citizen €800 a Month

Finnish Prime Minister Juha Sipilä
THE SUNDAY TELEGRAPH: Proposals for a national basic income are intended to simplify the social security system and encourage more unemployed people to take on temporary work

Authorities in Finland are considering giving every citizen a tax-free payout of €800 (£576) each month.

Under proposals being draw up by the Finnish Social Insurance Institution (Kela), this national basic income would replace all other benefit payments, and would be paid to all adults regardless of whether or not they receive any other income.

Unemployment in Finland is currently at record levels, and the basic income is intended to encourage more people back to work. At present, many unemployed people would be worse off if they took on low-paid temporary jobs due to loss of welfare payments. » | Adam Boult | Sunday, December 6, 2015