Crossword Genius

Letter has half of them worried in recession (5)

Ross

I believe the answer is:

theta

'letter' is the definition.
(theta is a kind of letter of the alphabet)

'half of them worried in recession' is the wordplay.
'half of' indicates taking half.
'worried' becomes 'ate' (I've seen this before).
'in recession' is a reversal indicator.
'ate' reversed gives 'eta'.
'them' cut in half is 'th'.
'th'+'eta'='THETA'

'has' is the link.

(Other definitions for theta that I've seen before include "8th letter of the Greek alphabet" , "character from Greece" , "Character from overseas" , "character in Euripides" , "character in Marathon" .)

I've seen this clue in The Times.
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