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Recession hits 6000 jobs in a day as firms demand 'arm lock' on the banks

More than 6000 jobs were under threat last night as the recession broke into the New Year with Gordon Brown and David Cameron each trying to seize the political initiative.

More than 6000 jobs were under threat last night as the recession broke into the New Year with Gordon Brown and David Cameron each trying to seize the political initiative, write Michael Settle and Mark Williamson .