importa ntly, the deal secures the future of 4,000 jobs at the firm's plants in scunthorpe and teesside in northern england. and on top of that, a further 20,000 will be saved across the supply chain. but who is the new owner? we know surprisingly little aboutjingye — it has 23,500 employees and boasts £41; billion in assets across steel and iron making, and in tourism and real estate. and this is from the promotional video on their website. we are joined now by our economics correspondent andrew walker. they say wisdom, what's the wisdom in this? it's not entirely clear. it isa in this? it's not entirely clear. it is a relatively high cost operation by global standards, in particular by global standards, in particular by chinese standards. it might be there's a couple of areas where it seems, you indicated how little we know, but it seems there's a couple of areas where they aren't producing the goods that british steel produce, in particular railway lines and long products which is the big steel girders used in construction. there may be some benefit there, there may also be some s

colletta smith in scunthorpe, in scunthorpe. colletta smith in scu nthorpe, thank you in scunthorpe. colletta smith in scunthorpe, thank you very much. the uk economy recovered in the third quarter of the year, growing by 0.3% to reverse a contraction earlier in the year. but the growth was modest and the figures showed economy has slowed to its lowest rate in almost a decade. here's our economics correspondent andy verity. in peterborough, this is the biggest tyre distribution centre in the country. it is the sort of service business which does well when consumers are not ready to invest in a new car but are ready to buy new tires to keep the old motor going. in the third quarter of the year, that pattern was repeated across the economy. business in services picking up but weak investment not helped by brexit uncertainty. picking up but weak investment not helped by brexit uncertaintym makes it difficult to plan for the future in terms of our cost base and what selling price we need to make the money that the company needs to r

chinese firm confirms a rescue deal for british steel — buying it for 70 million and saving 4000 jobs in scunthorpe and teesside. it has been a big concern, nobody knowing what would happen and whether they would have a job to pay their

chinese firm confirms a rescue deal for british steel — buying it for 70 million and saving 4000 jobs in scunthorpe and teesside. it has been a big concern, nobody knowing what would happen and whether they would have a job to pay their mortgage. finally something positive. it's good. there are 42 flood warnings still in place in the north of england. ministers will hold an emergency meeting tomorrow as locals underline the scale of the crisis. a state of emergency has been declared in new south wales and queensland as bushfires continue to burn, posing what authorities say, is a "catastrophic" threat. families in england will benefit from two cannabis—based medicines approved for the nhs — but others say they still won't get what they need. hello and welcome to our look ahead to what the papers will be bringing us tomorrow. with me are asa bennett, the brexit commissioning editor at the telegraph, and sienna rodgers, who's the editor of labourlist. many of tomorrow's front pages are already in. the financial times says borisjohnson has been given a boost after nigel farage‘s announcement tha