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Record drop in Scottish output as UK finance jobs face axe

The Scottish economy is coming under increasing pressure with figures published today showing that output is declining at a record rate and the financial services industry is preparing to axe 15,000 British jobs in the next three months.

The Scottish economy is coming under increasing pressure with figures published today showing that output is declining at a record rate and the financial services industry is preparing to axe 15,000 British jobs in the next three months.