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Recession watch: The power of nightmares

Honda, makers of the best TV car ads since Volkswagen, has announced that it is closing its Swindon plant for all of February and March - a 50-day shutdown - as part of its plan to cut production by 21,000 vehicles in the UK.

We hope it's not another example of their slogan "The power of dreams" when they say they have no plans for any redundancies, as such.

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