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Page last updated at 07:39 GMT, Monday, 22 September 2008 08:39 UK

'More supervision' for the City


The Labour Party is pondering its future at their party conference under a hailstorm of economic uncertainty. Banks have collapsed, the US administration is taking bad debts into public ownership and questions are being raised about how much taxes will have to rise. Chancellor Alistair Darling, who will give his speech to the conference later, says that he will take whatever steps necessary to tackle the problems in the financial system.

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