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Unemployment figures bring little cheer and an underlying fear

The latest Unemployment figures announced on 11 August 2010 did at least look good. The level reduced by 0.2 percent on the quarter to 7.8 percent, the same level as this time last year. Unemployment for the three months to June 2010 fell to 2.46 million, a fall of 49,000, the largest quarterly drop for three years. Mr Chris Grayling, Employment Minister, told the BBC that what he found encouraging was that "there had been one of the biggest jumps for a very long time in employment levels,...
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A model bank

In a media statement issued on 10 August 2010, Clydesdale and Yorkshire Banks' Chief Executive Officer, Lynne Peacock said: "We continue to follow a very steady and prudent course....our strategic direction is unchanged. Firmly focused on growing our existing business, we remain committed to supporting our existing customers and are on track to deliver £10 billion of gross new lending by October next year."
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