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Added on : 2020-05-19 15:16:16

The number of people claiming unemployment benefits in Britain leapt in April to its highest level in nearly 24 years, giving the clearest sign yet of the hit from the coronavirus to jobs which is set to deepen in the coming months. Data published on Tuesday showed the claimant count rose by 856,500 -- the biggest ever month-on-month jump -- to 2.1 million, a 69% increase from March. It was the highest level since July 1996, when Britain's economy was still recovering from a deep recession caused by its failed bid to stay in the European Exchange Rate Mechanism, which had pushed interest rates to 15% in 1992.

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