Finland's residents could get €800 monthly payout

Adults living in Finland could be paid £573 a month by Finnish authorities, in a bid to stave off unemployment.

Finland's residents could get €800 monthly payout

Finland residents could be given a £573 handout every month.

Finnish authorities are proposing giving every citizen a tax-free payout of €800 [£576] each month under proposals being drawn up by the Finnish Social Insurance department, who want to reduce the amount of unemployed people living in the country.

The sum would be paid to all adults whether they have an income or not, according to the Daily Telegraph newspaper.

Finland's Prime Minister Juha Sipilä commented: "For me, a basic income means simplifying the social security system."

The basic income will cost the government roughly £33 billion per year if the proposal is successful.

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