Arts and Entertainment Everything but the sink: 1646 kitchen scene by the Flemish painter David Teniers the Younger, now restored to Robert Walpole’s former Norfolk home

As it did 250 years ago, Velázquez's portrait of Pope Innocent X peers into the gloom at Houghton Hall. It is an extraordinary image in an extraordinary space.

Slump for annuity rates deals blow to pension pots

Annuity payouts slumped by 11.5 per cent last year, their biggest fall since 1998. Rates have now fallen in 15 of the past 18 years and the average annual annuity income is less than half what it was in 1994, according to Moneyfacts.

Falling annuities deliver another blow to retirees

Annuity payouts slumped by 11.5 per cent last year, their biggest fall since 1998. Rates have now fallen in 15 out of the past 18 years and the average annual annuity income is less than half what it was in 1994, according to Moneyfacts.

Global bonds climb despite downgrades

The safety of bonds took a hit 12 months ago. But they have proved an essential part of investors' plans

Pension schemes' deficit hits record high of £312bn

The deficit in UK pension schemes hit a record high of £312.1bn in May, the Pension Protection Fund (PPF) reported yesterday.

Deficit in UK pension schemes widens to a record £312.1 billion

The deficit in UK pension schemes hit a record high of £312.1bn in May, the Pension Protection Fund (PPF) reported yesterday.

Athletic Bilbao's Fernando Llorente celebrates after he scored against SCP Sporting during their Europa League yesterday

Llorente takes Athletic Bilbao through to all-Spanish Europa League final

A dramatic winner from Fernando Llorente with two minutes to go sent Athletic Bilbao through to the Europa League final, where they will face fellow Spanish side Atletico Madrid.

Row brews over Bank of England's £50bn QE boost

Over a million pensioners will be poorer as they have bought annuities at artificially depressed rates

Annuity rate dive will hit millions of retirees short

The fall in gilt yields will reduce pension incomes, so it's more important than ever to choose the right product. By Julian Knight

Sangakkara spurns gilt-edged chance to put record straight

On American Independence Day next month, Kumar Sangakkara will deliver the Cowdrey Spirit of Cricket Lecture at Lord's. It will be full of wit and wisdom, aperçus and aphorisms because Sangakkara is a clever, articulate and thoughtful chap.

An Ideal Husband, Vaudeville Theatre, London

A couple not unconnected with a certain "cash for questions" scandal caught the eye amongst the first-night guests at Lindsay Posner's revival of An Ideal Husband. Securing their presence was a mischievous touch, for political sleaze is the perennially topical subject of Wilde's play. Its protagonist, Sir Robert Chiltern, owes his high-flying career to having sold a Cabinet secret in his ambitious youth. He faces ruin and the collapse of his marriage to the idealistic Lady Chiltern when the blackmailing Mrs Cheveley descends on London.

Pension liabilities hit a record high

The liabilities faced by defined benefit pension schemes soared to a record high during August as market conditions continued to deteriorate, according to Aon Consulting.

Bank says QE cut rates by 1 per cent

Research published by the Bank of England suggests the Bank's policy of quantitative easing – the direct injection of money into the economy – reduced interest rates by about 1 percentage point.

The Sonnets: 33

By William Shakespeare

The Sonnets: 20

By William Shakespeare

Jeremy Warner: Printing money seems powerless to halt rise in gilt yields

Outlook No wonder the Bank of England is stepping up its programme of "quantitative easing" (QE). Proving the old stock market saying that it is better to travel in anticipation than actually to arrive, gilt yields fell precipitously ahead of the formal announcement of QE, under which the Bank of England is expanding the money supply by buying shed loads of gilt-edged stocks. But they have been rising steadily more or less ever since and after another surge yesterday, the yield on the benchmark 10-year gilt is now higher than before the programme began. The rise has been particularly acute since the Budget, which laid out in glorious Technicolor quite how shockingly large gilt issuance is going to be in future years.

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Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Screwing your way to the top? Good for Lana Del Rey for helping kill that myth

Screwing your way to the top?

Good for Lana Del Rey for helping kill that myth, says Grace Dent
Will the young Britons fighting in Syria be allowed to return home and resume their lives?

Will Britons fighting in Syria be able to resume their lives?

Tony Blair's Terrorism Act 2006 has made it an offence to take part in military action abroad with a "political, ideological, religious or racial motive"
Beyoncé poses as Rosie the Riveter, the wartime poster girl who became a feminist pin-up

Beyoncé poses as Rosie the Riveter

The wartime poster girl became the ultimate American symbol of female empowerment
The quest to find the perfect pair of earphones: Are custom, 3D printed earbuds the solution?

The quest to find the perfect pair of earphones

Earphones don't fit properly, offer mediocre audio quality and can even be painful. So the quest to design the perfect pair is music to Seth Stevenson's ears
US Army's shooting star: Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform

Meet the US Army's shooting star

Lt-Col Steven Cole is the man Hollywood calls when it wants to borrow a tank or check a military uniform
Climate change threatens to make the antarctic fur seal extinct

Take a good look while you can

How climate change could wipe out this seal
Should emergency hospital weddings be made easier for the terminally ill?

Farewell, my lovely

Should emergency hospital weddings be made easier?
Man Booker Prize 2014 longlist: Crowdfunded novel nominated for first time

Crowdfunded novel nominated for Booker Prize

Paul Kingsnorth's 'The Wake' is in contention for the prestigious award
Vladimir Putin employs a full-time food taster to ensure his meals aren't poisoned

Vladimir Putin employs a full-time food taster

John Walsh salutes those brave souls who have, throughout history, put their knives on the line
Tour de France effect brings Hollywood blockbusters to Yorkshire

Tour de France effect brings Hollywood blockbusters to Yorkshire

A $25m thriller starring Sam Worthington to be made in God's Own Country
Will The Minerva Project - the first 'elite' American university to be launched in a century - change the face of higher learning?

Will The Minerva Project change the face of higher learning?

The university has no lecture halls, no debating societies, no sports teams and no fraternities. Instead, the 33 students who have made the cut at Minerva, will travel the world and change the face of higher learning
The 10 best pedicure products

Feet treat: 10 best pedicure products

Bags packed and all prepped for holidays, but feet in a state? Get them flip-flop-ready with our pick of the items for a DIY treatment
Commonwealth Games 2014: Great Scots! Planes and pipers welcome in Glasgow's Games

Commonwealth Games 2014

Great Scots! Planes and pipers welcome in Glasgow's Games
Jack Pitt-Brooke: Manchester City and Patrick Vieira make the right stand on racism

Jack Pitt-Brooke

Manchester City and Patrick Vieira make the right stand on racism
How Terry Newton tragedy made iron men seek help to tackle their psychological demons

How Newton tragedy made iron men seek help to tackle their psychological demons

Over a hundred rugby league players have contacted clinic to deal with mental challenges of game