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US bail out will happen says Bush

US President George W Bush says it will rise to the occasion and pass the $700bn rescue deal.

The President says all parties will work towards a solution.

Bush says: “There is no disagreement that something substantial must be done.

“We are going to get a package passed. We will rise to the occasion.

“Republicans and Democrats will come together and pass a substantial rescue plan.”


Total net lending falls to £1.4bn

Total net lending to individuals has fallen significantly from £4bn in July to £1.4bn in August, data from the Bank of England reveals.


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