Unemployment forecast to rise to 1.75 million - papers

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Unemployment is set to rise to its highest level for almost a decade as the economy deteriorates, The Daily Telegraph reports today.

It says official figures from the TUC will show the jobless total leapt by at least 30,000 to 1.75 million in the past three months. The increase would be the eighth successive monthly rise and would leave the number out of work higher than at any point since April 1999, when it stood at 1.76 million. The Independent reports the Treasury is mulling a U-turn that would allow Lloyds TSB to pay dividends to shareholders while still taking advantage of its £37bn bank bailout scheme. It says the move would cause anger among critics who are adamant that taxpayers' cash must be used solely...

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