P507 Teletext 507 Oct16 21:01:10    ———————  ————————————————  UNION CALLS FOR INTEREST RATE CUT A union leader has called for the BoE's Monetary Policy Committee to cut interest rates following the surprise cut in US rates. Roger Lyons, general secretary of the Manufacturing Science and Glnance union said the decision proved that Fed chairman Alan Greenspan was "living on the same planet" as workers. Mr Lyons called for an interest rate cut of 0.75%. ——————————————————————————————————1/2—— Share index 510 Market report 517 FINANCIAL SPREAD BETTING SEE p.699 Next Shares FTSE Company news
P507 Teletext 507 Oct16 21:01:00    ———————  ————————————————  CBI WELCOMES US RATES MOVE The Confederation of British Industry welcomed the cut in US interest rates and hoped a UK rate cut would follow. Sudhir Junankar, its associate director of economics, said: "It shows a prudent reaction by the Federal Reserve to the effect of global pressures on the US economy. "It also sends a clear signal on the future trends for rates worldwide," he added. ——————————————————————————————————2/2—— Share index 510 Market report 517 IT RECRUITMENT ADVERTISING p631 Next Shares FTSE Company news