<a href="http://blogs.independent.co.uk/openhouse/2008/10/which-kind-of-d.html">Sean O'Grady: Which kind of downturn?</a>

Wednesday 15 October 2008 11:39 BST

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Two million. That will be the headline unemployment number by Christmas. Whatever happens to the banking system, this rise in joblessness is already "baked in".

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<a href="http://blogs.independent.co.uk/openhouse/2008/10/which-kind-of-d.html">Sean O'Grady: Which kind of downturn?</a>

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