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Prepare for 1980s-level unemployment, former chancellors warn

Hammond, Osborne and Darling say urgent measures needed to cushion post Covid-19 job losses

Three former chancellors have warned the government to prepare for 1980s levels of unemployment as the coronavirus crisis sinks Britain into the deepest recession in living memory.

Lord Alistair Darling, George Osborne and Philip Hammond said the government urgently needed to announce measures to cushion the blow as job losses began to mount.

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