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UK economic growth slows to 0.5% in third quarter
The UK economy grew by 0.5% between July and September, the Office for National Statistics (ONS) says, a slower pace than the previous quarter. The rate was also lower than the 0.6% growth predicted by many analysts. The economy had grown by 0.7% in the second quarter of the year. Part of the slowdown was due to the biggest fall in construction output in three years, a drop of 2.2%. The service sector, the biggest part of the economy, grew by 0.7%.
The Financial Times
Volkswagen under more pressure in US over emissions
Volkswagen is coming under scrutiny from another US regulator over its emissions scandal after the Federal Trade Commission said it was examining possible deceptive marketing by the carmaker. In a letter to a senior lawmaker on Capitol Hill, FTC chairwoman Edith Ramirez said her agency was working with the Environmental Protection Agency — which exposed Volkswagen’s cheating on emissions — and the Department of Justice.
Peugeot to retest cars in real world
PSA Peugeot Citroen has pledged to test its cars for emissions and fuel efficiency under real-world conditions and publish the results in an effort to restore consumer confidence in diesel following the Volkswagen scandal.
UK export orders shrink at fastest pace in 3 years
An industrial survey has confirmed worries over a slowdown in UK manufacturing, ahead of the much-awaited release of preliminary data on economic growth in the third quarter on Tuesday. The Industrial Trends Survey, compiled by the CBI, the employers’ organisation, showed that manufacturing production fell in the three months to October for the first time in two years. Export orders shrank at the fastest pace in three years, while domestic orders declined for the first time since 2013.
Whitehall knew about diesel emissions scam six years ago
The government was warned in 2009 that diesel cars were hugely exceeding harmful emissions targets but went on to give £1.7 billion in tax breaks to encourage consumers to buy millions of extra vehicles, an investigation by The Times can reveal. Research commissioned by the Department for Environment, Food and Rural Affairs six years ago revealed that diesel cars were producing significantly higher levels of pollution than was expected when driven on the road.
Cheating cars got official green light
Skoda and Seat cars fitted with devices to cheat air pollution tests were approved by an agency of the Department for Transport. The Vehicle Certification Agency failed to spot the devices, which were exposed by the US Environmental Protection Agency in an investigation into VW Group, which owns Skoda and Seat.
Driverless cars must choose who to kill
Self-driving cars will need to have the answers to difficult philosophical questions. Perhaps the hardest of all is: if I have to kill someone, who should it be? According to a study of human attitudes, when death is unavoidable on the road driverless cars should choose to sacrifice their passengers rather than passers-by.
The Daily Telegraph
Volkswagen loses sales top spot to Toyota after emissions scandal
Volkswagen has been knocked off the top spot for global car sales by Toyota after taking it from its rival earlier this year, and is likely to languish behind the Japanese firm for the foreseeable future as the emissions-rigging scandal takes full effect. Toyota said it sold 7.5m vehicles in the first nine months of the year, beating VW’s 7.43m reported earlier this month. Both companies had a 1.5% fall in sales, but Toyota outsold Volkswagen in each month of the third quarter. US company General Motors (GM) is in third position after selling 7.2m vehicles, down 1.9% on a year earlier.
103p… Asda slashes petrol to 5-year low
ASDA is slashing petrol prices to a five-year low today — and demanding George Osborne freezes fuel duty.
Unleaded is down by up to 2p to 103.7p per litre in a boost for our Keep It Down campaign. The supermarket is now 5p a litre cheaper than the UK average and 7p less than oil giant BP, heralding the prospect of £1-a-litre petrol in the run-up to Christmas. Asda chief Andy Clarke, a member of the PM’s Business Advisory Council, is also urging against a duty hike in next month’s Autumn Statement. The Treasury pocketed a record £27billion in fuel duty in 2014-2015. But sources claim Mr Osborne wants a 1ppl rise on diesel in the wake of the VW emissions scandal.