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Page last updated at 17:52 GMT, Wednesday, 15 October 2008 18:52 UK

Jobless rise highest for 17 years

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The number of people out of work in the UK soared in the three months to August by 164,000, the biggest rise for 17 years.

Almost 1.8 million people are now out of work and the number is expected to reach 2 million by Christmas.

The financial markets have also suffered further losses, reacting to fears of a recession. Nick Robinson reports.

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