Originally posted by top-quark Problem with TTL is cost. Even something like the Metz AF-44 is still way more than £70 which was the OP's budget. YN560 should fit right in there.
The Metz 24 is p-ttl and is only about £55/$90.
And I agree with Deiberson about van Nierkerk's "On Camera Flash". This may be my favourite book on photography. And what's more, you can use the majority of the techniques in that book with a flash as basic as the Metz 24. It just needs to be ttl. (Admittedly, to use the Metz 24 in the ways described in the book, you would also need to combine it with a cheap flash cord, so you are not limited to bouncing the flash off the ceiling.)
As such, it seems that ttl isn't expensive (Metz 24). And a manual flash with lots of power settings isn't expensive (YN460 or YN560). What is expensive is a flash that combines both of these things in a single flash.
If you only have enough money for 1 flash, and only enough money for a cheap one, I would go for the Metz 24 (unless you will only be using it in a studio - or similar setting).
I used to own the Metz 48. I rarely took it with me though because it was big (normal flash size, but that is fairly big). So when it got stolen, I replaced it with the Metz 24, and much prefer it (because of its size), and for photographing social events (which is my main use) and following van Nierkerk's approach it is perfect. (You could say it would be better with swivel, but that would just make it bigger.)