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Page last updated at 09:26 GMT, Monday, 13 October 2008 10:26 UK

Brown and Darling on bail-out

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The UK Prime Minister Gordon Brown and Chancellor Alistair Darling have held a joint news conference on the banking crisis in which the UK government will inject £37 billion into Royal Bank of Scotland, Lloyds TSB and HBOS.

Gordon Brown said the bail-out was 'unprecedented but essential for all of us' and would thaw frozen money markets.

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