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Finland’s unemployed to be given basic income of €560 per month in first such experiment in Europe

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London Telegraph
January 3, 2017

Finland has become the first country in Europe to pay its unemployed citizens a basic monthly income, amounting to €560 (£477), in a unique social experiment which is hoped to cut government red tape, reduce poverty and boost employment.

The two-year trial with 2,000 randomly picked citizens who receive unemployment benefits kicked off on January 1.

Those chosen will receive €560 every month, with no reporting requirements on how they spend it. The amount will be deducted from any benefits they already receive.

The average private sector income in Finland is €3,500 per month, according to official data.

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This article was posted: Tuesday, January 3, 2017 at 7:48 am

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