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BBC TwoNewsnight
Page last updated at 12:38 GMT, Friday, 22 May 2009 13:38 UK

Unemployment 'to rise by at least one million'

Gavin Esler speaks to retiring Monetary Policy Committee member David Blanchflower, who predicts at least one million more people will lose their jobs before unemployment peaks.

Esler starts by asking him if Standard and Poor's revision of its outlook for the UK economy to "negative" from "stable" is an indictment of the government's handling of the economic crisis.

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