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(James) Gordon Brown causes FTSE 100 to plunge 2.5%!!!

The FTSE slumped by 2.5 per cent yesterday as further falls in the housing market scared investors away and deepened City gloom.

A shadow was cast over trading as Nationwide figures reported house prices in June had dropped for an eighth straight month and at their fastest rate since 1992.

**Blame Gordon Brown...Go on you know the economic woes can be laid at the one eye'd mans door.

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