P542 Teletext 541 Oct16 21:02:11       ——————————————————————————    WHERE TO FROM HERE? Last week's interest rate cut has done little to quell the cries heralding a new recession. The publication of Goldman Sachs chief economist Gavyn Davies' report saying interest rates are set to fall to 5% over 18 months has confused the issue. Rate cuts would help prevent recession, but Davies says business confidence has collapsed and the economic forecast for 1999's growth l—x still be optimistic. ——————————————————————————————————1/9—— by Lorne Spicer GO OFFSHORE,GET EXTRA - UP TO 8.05% GROSS P.A. - see p620 Advice Property Savings City
P542 Teletext 543 Oct16 21:03:11       ——————————————————————————    WHERE TO FROM HERE? Another interest rate cut in November would be in line with most experts' belief that another reduction is on the cards before the end of the year. "Recessionary forces are spreading throughout the whole economy," the Goldman Sachs report adds. Indeed at the moment the City seems divided between those confident the UK can see off recession and those who firmly believe the end is nigh. ——————————————————————————————————2/9—— WIN a home cinema TV 465 ANY PURPOSE LOANS - SEE PAGE 627 OR CALL WILMSLOW FREE ON 0800 269315 Advice Property Savings City
P542 Teletext 545 Oct16 21:02:02       ——————————————————————————    WHERE TO FROM HERE? The general consensus is that economic growth is falling, and interest rates will come down in the run-up to the year 2000 and EMU. Swift action by both the Bank of England and the US Federal Reserve is being called for by many, including Warburg Dillon Read. It says UK base rates could fall to 5% by the end of 1999 and as low as 3% by the year 2000. ——————————————————————————————————3/9—— WIN a home cinema TV 465 S HTCH TO p628 AND YOU COULD SAVE ON YOUR MORTGAGE Advice Property Savings City
P542 Teletext 541 Oct16 21:03:00       ——————————————————————————    WHERE TO FROM HERE? Some in the City l—hntain that recession is already here, particularly as the Chancellor looks likely to have to borrow to meet spending commitments. What's making this recession harder to predict than the last one is a combination of factors. Global economies are having even more impact on each other this time round, and lack of excessive consumer credit means the "bust" is harder to detect. ——————————————————————————————————4/9—— HN a home cinema TV 465 BUSINESS BRIEFING ON OUR WEB SITE GO TO: www.teletext.co.uk Advice Property Savings C—ty
P542 Teletext 543 Oct16 21:05:03       ——————————————————————————    WHERE TO FROM HERE? It is not yet certain the UK economy will go into recession. But investors are already feeling the pinch: a £100,000 pension fund which bought a £7,665 annual income annuity in May is worth just £81,078 today, buying an annual income of £5,832. £6,000 invested in April in a tracker PEP is worth just £5,015 today. ——————————————————————————————————5/9—— Borrowing 547 Money news 541 BUSINESS B$$FFING ON OUR WEB SITE GO TO: www.teletext.co.uk Advice Property Savings City
P542 Teletext 541 Oct16 21:05:00       ——————————————————————————    WHERE TO FROM HERE? The good news for investors is that while tracker PEPs have fallen in value for the first time since 1994, most experts say they are good value. Even pension annuities can now be deferred, helping investors to avoid the pitfalls of buying into an annuity too soon. Wages are still rising — bad news for economics - but on a personal level good news for those trying to save. ——————————————————————————————————6/9—— Savings 546 Borrowing 547 CITY NEWS p500 Advice Property Savings City
P542 Teletext 543 Oct16 21:00:11       ——————————————————————————    WHERE TO FROM HERE? Just one week ago 1.2 billion shares changed hands adding £37bn to the FTSE 100 index. This week the FTSE 100 saw its largest single-point gain ever. Companies continue to have strong balance books, are cash rich and shares are still more attractive todax than 30 years ago. The great lesson is that all investors need the nerve to sit out the lows over time, not just celebrate the highs. ——————————————————————————————————7 8—— Mortgages 545 Savings 546 BUSINESS B @DFINGONOURWEBSITE GO TO: www.teletext.co.uk Advice Property Savings City
P542 Teletext 543 Oct16 21:00:11       ——————————————————————————    WHERE TO FROM HERE? With a rickety economy edging on recession, now is not the time for small investors to take a gamble. However, shrewd dealers have been maintaining for many months that bargains can be had. In August, Jeremy Batstone at NatWest, said Standard Chartered shares looked undervalued. Today they are up £1 a share and made profits for anyone with the courage to have invested back then. ——————————————————————————————————8/9—— Tourist rates 548 Premium Bonds 549 BUSINESS BRIEFING ON OUR WEB SITE GO TO: www.teletext.co.uk Advice Property Savings City
P542 Teletext 541 Oct16 21:01:15 Advert YOUR MONEY >>   UP TO 35%   MORE FOR MY   OLD ENDOWMENT     QUOTES WITHIN 48 HOURS   GUARANTEED FOR LONGER THAN ANY OTHER COMPANY  'JTH NO HIDDEN FEES If your 'with profits' policy is over 7 years old, with a surrender value worth over £2,000, call NOW 0845 20 20 200 (24 hours,7 ——|s) LOCAL CALL RATE fax 01225 466555 also see  page 541   If in doubt ask your IFA PolicyPlus International PLC, member of the APMM and regulated bx the Personal Investment Authority Advice Property Savings City