An update from the Maritime and Coastguard Agency says that 10 people have been injured, and that most are showing signs of hypothermia.
The statement continued: "It's believed that all those in the water have been accounted for. However rescue units on scene, including the helicopters and lifeboats, are carrying out further searches to make sure."
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The vice presidential candidate was travelling with his wife, daughter and several campaign advisers, but no one was injured.