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Article: 2M JOBLESS BY CHRISTMAS; EXCLUSIVE Banker's warning Stocks in freefall CREDIT CRUNCH BITES DEEPER AS EMPLOYMENT AND SHARES DISASTER ALERTS ADD TO OUR MISERIES.(Features)

Article from:
The People (London, England)
Article date:
October 12, 2008
Copyright

Byline: By NIGEL NELSON Political Editor

TWO MILLION Brits will be out of work by Christmas as the credit crisis tightens its stranglehold on the world's economy, a top financier claims.

The grim forecast was spelled out as pounds 2.7TRILLION was wiped off global shares in a week which saw the FTSE100 plunge by nearly a QUARTER.

And yesterday, at the climax of a momentous week for the world:

Treasury officials launched lastditch talks to safeguards millions of pounds invested by UK councils and individuals in a ...

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