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City job boost for unemployed

The British jobless could find themselves plucked from the dole queue and given jobs in the City, if plans discussed by Government ministers go ahead.


Minister Tessa Jowell and financial secretary to the Treasury financial secretary Stephen Timms have hosted a seminar to discuss how the US pioneered scheme could work in the UK.


The US scheme involves training some of the most socially-disadvantaged and assuring them Wall Street jobs.


After the seminar Morgan Stanley Dean Witter proposed chairing a series of talks with other banks on the financial services industry taking on New Deal cases, such as HSBC, Royal & Sun Alliance, Barclays and National Westminster Bank.

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