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Page last updated at 07:46 GMT, Thursday, 6 November 2008

'Avoiding' a prolonged recession

Figures for new car sales are expected to be down by more than 20% on last year. Jaguar Land Rover said it would extend a voluntary redundancy scheme to help lower costs. Chief executive David Smith discusses the Bank of England's interest rate decision and the 600 jobs the company is expected to lose.

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