A demand for the Government to ditch the valuable pledge in 2020 was launched by MPs on the Work and Pensions Committee over the weekend. Ex-Pensions Minister Ros Altmann has also renewed her call for it to be scrapped in favour of a 'double lock'. And industry experts have chimed in to point out the present system is costly and unsustainable. So how does the triple lock work, and what might replace it?
Meet the billionaire trying to get us to drive Chinese cars... and guess what? You've probably already been in one
Geely is the biggest car maker you've never heard of. The Chinese firm has just invested £300m in a factory in Coventry to build electric versions of the iconic London cab. And, as we revealed last month, it is also planning a venture to sell a different type of car on the High Street, one that you can run and pay for in much the same way you would a mobile phone.
FTSE LIVE: Footsie edges higher as US election day arrives, with investors happy to hug the sidelines
NEW In opening deals, the FTSE 100 index was up 7.1 points, or 0.1 per cent at 6,814.0 having closed 113.64 points higher yesterday amid hopes of a Clinton win in the election. US stocks surged overnight and Asian markets were also firmer today, with relief over the improving prospects of a Clinton win offsetting October data from China showing bigger-than-expected declines in both imports and exports and a smaller-than-forecast trade balance.
You know those supercar giveaways at the airport you think nobody ever wins? Actually, they do... We meet the man behind it and some of the winners
William Hindmarch setup BOTB in 1999, first venturing into Heathrow with a Porsche he had to clean with bottles of Evian because there were no taps on site. Now, thousands of people use his site every week to play for luxury vehicles. We chatted to some of the people who've won over the last two years.
Widow who finally got an apology by ScottishPower after two years of blunders is now threatened with debt collectors
Utility giant ScottishPower is still failing to deal effectively with customer complaints - just seven months after it was handed an £18million fine by regulator Ofgem. In the latest episode of customer service ineptitude, it has allowed debt collectors to threaten an 87-year-old widow despite giving previous assurances that her billing problems had been resolved.
MARKET REPORT: Unstoppable Fever Tree Drinks just keeps on fizzing up with its posh tonic water and ginger ale available in more supermarkets
The premium mixer drinks maker, founded in 2005, has had a meteoric rise since it listed on the stock exchange two years ago. It gave another confident update which sent shares bubbling up to new highs. On the second anniversary of its AIM flotation the group said performance had been strong in the second half of the year and sales had continued to grow.
'We lost £98k from our house sale when our solicitor handed it to fraudsters': Beware the scam costing buyers and sellers thousands of pounds
A couple who sold their house are nearly £100,000 out of pocket after their solicitor was tricked into sending their money to a fraudster in a new terrifying scam hitting both buyers and sellers. The scam involves fraudsters intercepting e-mail threads between home movers and their solicitors and convincing one of them to move money into the fraudster's account.
INVESTMENT EXTRA: Protect your nest egg from US election chaos - and make sure that you cash in if Hillary wins
Experts tends to agree that if she becomes president the market will stay steady and the dollar could strengthen. That's a good boost to the earnings of those FTSE 100 firms. Trump's policies haven't been made as clear as Clinton's and experts say the uncertainty if he won could send the stock market spiralling. In a rush to safety, the gold price is likely to rise.
They offer 30% tax relief and exciting growth companies, so should you invest in a VCT? The Investing Show
Venture capital trusts offer generous income tax relief, tax-free dividends and the chance to strike it rich with early stage companies, yet remain something of a mystery to many investors. To find out more about what VCTs do and what they invest in, we invited Stuart Lewis, of Octopus Investments to join us on the Investing Show.
Where will house prices rise the most over five years? Leading estate agent forecasts gains of up to £50k, but says it all hinges on Brexit negotiations
House prices will rise by more than £50,000 in some areas over the next five years, Savills forecast, as it mapped out potential property gains across the UK. The typical value of a home across the country will rise 13 per cent by the end of 2021. However, the biggest monetary gain is tipped for the South East, where higher prices combined with a larger percentage increase led to a forecast rise of £53,200 over five years.
We've been warned that inflation could hit 4% next year. Needless to say, if that happens it spells bad news for our money. The answer is to invest spare cash, says one expert, what we know about long-term financial history indicates it to be a wise suggestion. But what counts as spare cash and what's the point in holding cash at all?
What will the US election result mean for UK investors? Markets plunge into red at prospect of President Trump
The ferocious US presidential election is causing ructions in financial markets as Donald Trump closes in on frontrunner Hillary Clinton in the final days of the race. Polls showing Trump just behind or in a few cases slightly ahead have upset the conventional view that he was heading for defeat, and prompted a global sell-off.
Want a new car but don't want to spend a small fortune? We've enlisted the help of the expert test panel at What Car? to tell us which sub-£10,000 models are worth considering. The winner is a fairly modest brand that's managed to dethrone the might of the VW Group, but is it any of the cars pictured? Top left to right: Hyundai i10, Suzuki Celerio, Vauxhall Viva, Skoda CitiGo, Toyota Aygo, Dacia Sandero.
My live-at-home son is totally irresponsible with money and I'm worried debt collectors could turn up: How do I keep my own assets safe?
I have tried - without success - to teach our son to budget and live within his means. He is 19, works full-time on a zero-hours contract and lives at home. My worry is what could happen if he gets into debt. Say, for example, he fails to pay his mobile phone contract and, ultimately, (if demands are ignored) this leads to court enforcement officers turning up to demand payment.
The shares sharks getting rich preying on British savers: We reveal the binary trading victims - and the ruthless salesmen they blame
Controversial binary trading firm BinaryBook has been encouraging UK savers to trade. But a group of investors are taking legal action against the firm. Some victims claim to have lost as much as £600,000. Employees of firms linked to it were pictured partying in Greece and being given BMWs wrapped in ribbons as rewards. The firm appears to be part of a group of linked companies owned by Israeli Yossi Herzog (inset).
House prices stall for the first time in 15 months, but Nationwide warns that the average home now costs SIX times wages
The monthly change in house prices across the UK was 0 per cent last month, Nationwide's House Price Index showed, the first month not to post a rise in over a year. Meanwhile, house sales are down 10 per cent on levels seen a year ago, which may 'in part' reflect April's stamp duty hike on buy-to-let and second homes, Nationwide said. However, it also warned on affordability, with homes costing six times wages.
' I wanted to make fitness more realistic for busy workers': Ex-banker boxes clever on new fitness craze with Moose X-Training
Former City worker Manya Klempner left the world of finance and went into business with her personal trainer to set up Moose X-Training after noticing the growing popularity of trainers who visit the workplace or home for one-to-one or small group sessions. Now, with figures from Sport England showing boxing participation has more than doubled in the past five years to 42,000, she is planning to open a new boxing centre in London.
50 ways to save money: Simple steps to cut what you spend that could clear your debts or seriously boost your savings
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.
Confused about 'hard' and 'soft' Brexit, the Norway model and the Swiss solution? This handy 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.
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.
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
Best paid jobs 2015: Compare your salary to the national average in this league table of 350 professions - and see the year's winners and losers
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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|US Dollar||1.2162||Buy Now|
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