Speaking ahead of the planned peace vigils being held across the country in protest of the planned defence cuts, Minister of State for the Armed Forces Nick Harvey said the job losses were as a result of the Government inheriting a "very grave economic situation".
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International Development Secretary, Priti Patel, urged the rest of the world to 'act now' to help millions of people at risk of starvation.
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The financial performance of Lloyds Banking Group is said to be a strong indicator for the health of the entire UK economy.