BoE to shelve rate cut and QE as UK economic growth holds up well

Despite warnings that uncertainty over Brexit would hit the economy, gross domestic product increased 0.5 per cent in the quarter to the end of September. That was down on the second quarter's 0.7 per cent growth but better than analyst expectations - the best of which was for 0.4 per cent growth.

Of the 159,726 vehicles built last month, 123,119 were shipped overseas - that means 77 per cent of all cars made in the UK were built for customers from abroad.

Why save into a pension? Because it can get you £112.50 for £50

If letters from people's work pensions told them they could get more than £100 for just £50 of their own cash, would they be more likely to take up what's on offer? Among all the bad news on the pensions savings crisis, there is some good news to be told, such as the story of the 28-year-old on track for retirement we featured this week - and the free money on offer.

A world without work sounds like the stuff of dreams, but it's drawing ever closer. So will it mark a time of relaxation and prioritising family or could it lead to social upheaval and unrest?

This is make or break time for Twitter and Dorsey (pictured with on-off girlfriend Kate Greer) who was parachuted back in to save the company last year after being ousted in 2008 from the business.

This latest installment of the Bonneville is about as British as a Big Mac and fries and is the latest example of bike makers re-purposing products to appeal to a wider audience.

When you think of a Mercedes you probably imagine luxurious, comfortable saloons, but the German brand is planning a pick-up truck for 2017.





MARKET REPORT: Engineering firm AMEC Foster Wheeler's shares plunge 20% on turnaround

The engineering firm, which is focused in the oil and gas industry, said an extra £100m of cost cuts are to be made as it became the latest in its sector to warn on profits. Since June it has been working to cut costs by shedding jobs, closing offices and outsourcing back office work, but it said more needs to be done to offset the challenges in the market.

On the vast trading floors of the investment banks the volatility in bonds and currencies generated by Britain's historic June 23 vote will bring a big smile to bankers contemplating 2016 bonuses.

The banking industry's PPI bill already stands at more than £30billion and yesterday Lloyds was forced to set aside another £1billion to settle PPI mis-selling complaints.

Bloomsbury said strong sales of the illustrated edition of Harry Potter and the Philosopher's Stone helped contribute to the 'stand out' performance of its children's division.

The Government, which took a 43 per cent stake in the bank in a £20.5bn bailout during the financial crisis, has now recovered nearly £17bn selling shares.

HSBC's rotund and vastly wealthy global banking boss has implemented an Orwellian-sounding system which tracks how bankers use their time and how many deals they bring in.

Rod Stewart's old Lamborghini Miura worth £900k up for auction

If you're interested in classic cars with a rock and roll past, these two hugely collectible vehicles have previous owners boasting a mass of number one hits and sell-out tours. The 1971 Lamborghini Miura, top was once owned by Rod Stewart, top right, while the 1972 Maserati Ghibli, bottom, was owned by Adam Clayton, bottom right.

A year after Volkswagen cars were found to be emitting illegally high levels of harmful diesel emissions, new research has warned that a similar issue could hit petrol vehicles too.

The new Countryman will also be the first Mini to be sold with the option of a plug-in hybrid version and comes with a raft of new features, not least its own fold-out picnic bench.

How Propercorn hit the big time and won backing of Innocent drinks founders

They're unassuming little snacks that are mostly made of air. But 'posh' popcorn has proved a huge hit with the health-conscious public, helping co-founders Cassandra Stavrou and Ryan Kohn build an incredibly successful business. The award-winning entrepreneurs tells us how they did it.

TSB has seen a boom in customer numbers so far this year which has in turn helped yield bumper profits, the high street bank revealed this morning.

Is the time coming when technology means humans no longer have to work?

A world without work sounds like the stuff of dreams, but it's drawing ever closer. So will it mark a time of relaxation and prioritising family or could it lead to social upheaval and unrest? In this episode of the Big Money Questions, senior editor and economics columnist at The Economist Ryan Avent talks presenter Rachel Rickard Straus through what this new reality could hold and how we can smooth the ride.

Six tricks you need to know to cut your energy bills

With the weather turning and the central heating going back on, now is the time to get your energy bills in order. Unfortunately, a series of new rules introduced by the Competition Watchdog in the summer means it's harder than ever to stop the power giants ripping you off. We reveal the traps energy giants have set - and how to avoid them.

New York-based travel expert Gilbert Ott shared some of his wisdom with MailOnline Travel - from identifying those empty rows early on to getting a fast-track through security.

Over 10,450 Vodafone pay-as-you-go customers lost money when the company failed to credit their accounts after they paid to top up their mobile credit, the watchdog Ofcom found.

Why we should worry about Italy’s stricken banks

The banking crisis is affecting all sections of Italian society, not just those who have directly lost money. It is chilling to see middle class bank customers in Italy being so brutally stripped of their savings - those in Italy lured into bank bonds suffered this. Ruth Sunderland travels to Tuscany to meet ordinary savers are protesting and explain why bank bail-in rules threaten Italy's banks and the eurozone.

In short-term bonds, you can earn up to 1.38%. Don't go for a long-term deal, though, as you'll earn very little extra for tying up your money.

Despite all the bad news it is possible to beat the pensions crisis

Toni Leigh Hall is 28 and bucks the trend for people of her age. The young worker, who was made up to look age 65 for a pensions campaign, pictured, started to save two years ago and if she keeps it up, she is on track to have a reasonable income when she retires. We look at what can happen when you do start early.

With its blue and white NHS-style theme, EHIC Applications UK's website gives a 'misleading' impression that it is the official NHS EHIC application website, the ASA ruled.

ASK TONY: Parents’ anniversary TV was damaged, but Currys PC World passed the buck

After three months, my father noticed a thick, black line on the screen. Also, a huge amount of heat was given out by the TV. It was collected by Currys, but later returned as it said it was damaged and the warranty did not cover damage. We disagreed and sent it back, but this time there was obvious substantial damage to the screen. I have tried my parents' insurance company and the credit card cover, all to no avail.

Mortgage approvals for house purchase edged up in September from a 19-month low the month before, but remain slumped by contrast to a year ago.

The chances of having a crash in the four weeks following the clocks going back increases by 10%, a study claims and that rises to 30% between 5pm and 8pm.

Investing Show: Is now a good time to buy emerging markets?

Emerging markets have bounced back, as sentiment has switched from pessimism to optimism. The pound's fall will flatter earnings from such overseas investments, but at the same time it has made buying into them more expensive. So which emerging markets offer the best opportunities and what should UK investors do in light of sterling's fall?

Discount deals advertised by A-lister Kate Hudson have a sting in the tail ... Why a £55

When Kate Woodward spotted a designer gym outfit online with 50% off, she couldn't believe her luck. But she later realised the company, Fabletics, had taken £44 from her bank account every month without fail - or £396 in total. Like dozens of shoppers, Kate had unwittingly used a so-called subscription shopping website. These companies, common in the U.S., lure you with a cheap deal - then bill you every month for being a member of their club.

After spending a year-and-a-half promising five million retired savers that the pension freedoms would be extended to them, the whole plan was canned in a short statement.

They will have to advertise a single price for broadband that includes line rental, information about contract length and the full cost after any discount ends.

INVESTMENT CLINIC: Are there any company shares I can invest in which offer perks to

First and foremost you really shouldn't be making investment decisions based on whether a share offers some kind of reward, but what are the different things investors get offered? We take a look.

What will Heathrow expansion plans mean for flight path house prices?

Homeowners could see the values of their homes plummet by as 20 per cent or more amid an increase in noise and air pollution, experts have warned. Some will have to sell their homes through compulsory purchase orders and others will have the opportunity to do so - at the price they would have got before the runway was approved.

British Airways and Virgin Atlantic are warning Heathrow against forcing through further price hikes to help fund expansion after the Government finally approved the building of a third runway.

Big Bang revolution in the City shows Brexit will succeed

Conventional wisdom is that the old City of London came to an end 30 years ago today when the ancient rules of 'my word is my bond' and traditional structures were swept into the Thames by a bout of radical Thatcherism. Thatcherite reforms enabled London to challenge New York as a global financial centre, leaving Frankfurt, Paris and Tokyo trailing far behind. Big Bang led to a cultural metamorphosis that will not easily be erased, however hard Continental rivals may try.

Debenhams, Britain's second biggest department store, saw its pretax profits fall 10.4 per cent to £101.7million for the 52 weeks to August 27 as like-for-like sales edged up 0.7 per cent.

The IPO had been set to be the biggest UK flotation so this year, at around £5.5billion, but instead Misys's plans join the scrapheap.

The CBI urged the Government to use next month's Autumn Statement to set out a pro-enterprise agenda to boost confidence following the EU referendum result.

Spain's Santander bemoans Brexit as UK earnings slow but Metro Bank posts first profit

Santander UK saw its third quarter pretax profits fall to £477m, down from £496m at the same stage last year. But Metro Bank posted a third quarter profit of £600,000 after a £3.4m loss in the second quarter. Santander said it was bracing itself for worse to come as Britain's decision to leave the European Union has resulted in economic uncertainty and market volatility.

Staff have apparently been cutting and pasting from the FT's paid-for web content, which JP bosses fear breaches the newspaper site's copyright.

Sir Andrew Witty, who will be replaced by Emma Walmsley when he steps down in March, has been under pressure to improve the group's fortunes following years of declining sales and profits.

Greece capital controls mean expat couple can't buy a home in the UK

When Mr and Mrs R moved to Greece in September 2006, like thousands of Britons they were looking forward to retirement in the sun. What they couldn't have foreseen is the huge financial earthquake which escalated a year later, the aftershocks hitting Greece harder than most other countries across the world.

It's been 16 months and I've still not received an energy bill from Extra Energy. I have also overpaid by £865 and I'm now worried if I switch away I won't get my money back.

If you send money by bank transfer and it turns out to be a scam, you stand to lose all your cash, an expert warns.

Can my ex-husband take half my pension and cash it in? Steve Webb replies

Former Pensions Minister Steve Webb is This Is Money's Agony Uncle. He is ready to answer your questions, whether you are still saving, in the process of stopping work, or juggling your finances in retirement. This week, he replies to a reader who wants to know if her ex will get half her pension in the divorce settlement.

Home loan rates have fallen to record lows since the Bank of England slashed interest rates from 0.5 per cent to 0.25 per cent in August.

If you suspect that your property has subsidence, here are the warning signs to look out for, so you can take action early and prevent the damage from getting worse.

Fixed-rate savings accounts have crumbled in the last year

Savers looking for the stability of a fixed-rate account over the long term are facing pitiful returns as rates have plummeted throughout 2016. At present, the best buy five year fixed-rate savings deal in the independent This is Money savings table pays just 1.95 per cent. In January 2016, after a brief flutter of competition among new providers, savers would have been able to beat this rate - with a 12-month fix.

Europe has rarely been in favour over the five years that Sam Morse has been running Fidelity European Values. Yet over that period it has doubled its share price.

The AA described the increase in revenue as a 'nice littler earner' for the government and has called for a freeze on all other motoring taxation while the pound remains weak against the dollar.

Buy-to-let income map: Leeds postcode top for rental returns

Landlords in parts of Leeds could earn higher returns than anywhere else in the country, with a combination of affordable properties and decent rental income netting them an almost 11 per cent yield. That compares to a potential rental return before costs of just under 3 per cent across London.

Dr Adam Posen also told The Mail on Sunday that senior Tory politicians were showing themselves to be 'monetary illiterates' through their attacks on Bank of England Governor Mark Carney.

Low rates and rising inflation mean more misery for savers

With a rate hike ruled out for the foreseeable future, the Government MUST now act to protect savers. The Mail on Sunday proposes a three-point cash savers' 'rescue' plan that Philip Hammond, Chancellor of the Exchequer, should implement when he stands up in the House of Commons and delivers his inaugural Autumn Statement on November 23. It's not radical, it would not be costly to put in place BUT it would make cash savers feel a little more loved than they currently are.

We've just booked a week's holiday to Italy and are about to buy travel insurance but does it make any difference if we have a joint or two single policies?

How to protect your home from burglars: Tips from a reformed thief

Toby Walne thought his home security robust. But reformed burglar Michael Fraser exposes its weaknesses - included a dusty keyhole, calendar by the window and labelled keys. Michael, who fronts TV show Beat The Burglar, shares his tips to keep your home safe this winter - and reveals the items burglars will be looking for.

Emerging markets have bounced back, as sentiment has switched from pessimism to optimism. But is now a good time for UK investors to buy?

Britain could threaten to halve corporation tax if Brussels is unwilling to offer a good Brexit deal, it emerged yesterday. Downing Street could cut the rate from 20 percent to 10 percent.

Would you live in a school conversion? Former boarding schools can make fine homes

Today, with pupil numbers falling by 5 per cent since 2008, it is small boarding schools outside the south-east that are up for sale. Among closures is Chilton Cantelo School, 30 miles from Rossholme. La Sagesse, a former Roman Catholic school in the Newcastle suburb of Jesmond, which closed in 2009, is now home to 48 houses and flats by David Wilson Homes.

The houses in almost one in five British market towns are at least £100,000 more expensive than the average property in their county, including Henley-on-Thames in Oxfordshire (pictured).

Long-term thinking People's Trust that aims for 7% a year return

It may be a simple concept, but genuine long-term investing funds can prove tough to find. But now in response to what he sees as a lack of opportunity for long-term investors, former fund industry boss Daniel Godfrey has ambitious plans to launch a low cost, long-term mutual fund called the People's Trust.

Major energy firms have told industry regulator Ofgem they fear breaking the law if they carry out its wishes to share customer information.

The Government is to change the law to allow individual bosses to be targeted after a system of fining the company itself was slammed by campaigners as ineffective.

Five things you need to know about the new 2017 BMW 5 Series

BMW has found itself in the unusual position of playing catch up when it comes to executive class saloons. But now it has revealed the new 5 series and the lighter, faster car that can almost drive itself is likely to set down a new benchmark for rivals including Jaguar, Mercedes and Audi. We look at why.

50 ways to save money....

To clear the average national household debt of ?13,000 at 6% interest with a monthly repayment of ?100 will take around 17 years. There are, however, plenty of simple ways to make significant savings on your regular spending that could clear your debt - or boost your savings - in less than a year. This is Money's top 50 - updated - money-saving tips may appear light-hearted but are deadly serious.

Pick the best (and cheapest) investment Isa platform

Choosing the right DIY platform is crucial but a wealth of choice and changes to charges have left many investors scratching their heads. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.

In this low-income world it can be hard to find mainstream investments paying a significant yield. Stifel has compiled a list of 19 investment trusts with a yield of more than 4 per cent.

L Board sign on the rear of a blue saloon car , UK

If you are new to investing then the huge number of funds and investment trusts on offer can be confusing. Fortunately, This is Money's experts have some ideas to get you started.

Income investing: Dividends can deliver both a healthy boost to long-term growth and a way to earn from your investments.

Income investing can let you draw on your portfolio or reinvest dividends to build solid growth over time. Our experts give their fund and investment trust recommendations.

On the up: Emerging markets such as Brazil are where much of the world's growth is expected to be over future years.

If you're looking to add some flair to your investing Isa with emerging markets, This is Money's experts have some ideas to get you started

Handy Brexit table explains the options for the UK's exit from the EU

Despite endless media coverage of the political wrangling and financial speculation, the average Briton can be forgiven for remaining confused about what 'soft' and 'hard' Brexit really mean. About the difference between the 'Norway model' for the UK's post-Brexit relationship with the UK and the 'Swiss solution'. But a clever table put together by HSBC in a report called 'Is Brexit Getting Harder?' cleaves some clarity from the murk.

It would have been nice to have a plan. Instead, after the Brexit vote we were left scratching our heads. But now it's time for some answers on trade and what we mean to the EU.

Pensions Road Sign against threatening clouds

We tend to put ambitious targets on our hoped-for income in retirement and then underestimate how much we will need to set aside to achieve that. So how much should you save?

When will UK interest rates rise?

An interest rate cut before the end of the year looks less likely following the plunge in the pound. However, the Bank of England has indicated that higher inflation driven by rising import costs won't make it lift rates.

What next for mortgage rates?

Several months after the Bank of England slashed the base rate to 0.25 per cent and lenders are still cutting mortgage rates on almost a weekly basis - but how low can they really go? The experts say not a lot lower and it's likely that if you get a mortgage at the moment, it's going to be a pretty cracking deal. 

Ten tips for buy-to-let

For many buy-to-let looks an attractive income investment in a time of low rates and stock market volatility. Climbing house prices, rising rents and improving mortgage deals are tempting investors - although they will need a big deposit. Read This is Money's top ten buy-to-let tips


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Musicians have seen pay rises averaging nearly 20 per cent in 2015, while cleaners are getting 17.8 per cent more, and window cleaners 12.3 per cent. Artists in general are earning 14.6 per cent more in 2015 than 2014, according to the huge annual data dump of pay scales by the Office For National Statistics highlights.

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£1,000,000 276AV278339 Essex
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£100,000 138HB024467 Hampshire and Isle of Wight
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The FTSE 100 Index rallied back from a near 60-point slump in the previous session, but failed to break through the 7,000 mark, trading up 28.48 points to 6,986.57.