China's back in business

The 1-minute read to get the money news you need with expert adviser commentary.

China bounces back

The world’s second largest economy is recovering after its battle with coronavirus. China’s GDP grew by 4.9% from July to September - slightly less than economists predicted, but a huge uplift from its first ever decline at the start of the year.

Record asking prices

Asking prices of homes coming onto the market has hit a new high, according to Rightmove. Sellers are asking for 1.1% more now than they were last month, on average. The biggest price rises have been at the pricier end of the market, with price tags on four-bed and detached houses now 2% higher than last month.

Trainer shortage

Shops could run out of comfy stuff, with sales of trainers, leggings, trackie bottoms, and hoodies all booming over lockdown. Brands are struggling to replace stock, after many factories were forced to close for months.

Help with bills

Vulnerable customers who struggle to pay their energy bills will get extra help this winter. From 15th December, energy suppliers will be required to offer emergency credit to customers who can’t top up prepayment meters.

Brace for Brexit

Boris Johnson has warned UK businesses to step up their prep for a no-deal Brexit. Companies will also hear from HMRC about new customs and tax rules that will come into effect on 1st January. Trade talks are still going on, but the clock is ticking on the transition period which ends on 31st December.