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Hutton new Work and Pensions Secretary

John Hutton has been confirmed as the new Secretary of State for Work and Pensions, taking over from David Blunkett who resigned this morning.
Hutton joined the Cabinet in May as Cabinet Office minister and was previously junior Health minister.
He is seen as a Blairite who will look to push forward the Prime Ministers third term reforms in incapacity benefit and pensions.

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Jupiter Asset Management has established the Jupiter Japan Income fund, a unit trust that will aim for income and growth by investing in Japanese equities.

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