Coalition suffer heavy losses - Today's small business news roundup

  • By Josh Hall
  • 4 May 2012
Coalition suffer heavy losses - Today's small business news roundup

Local elections, eurozone worries, and house price fluctuations - here's your need-to-know business news roundup.

The coalition has suffered heavy losses in a string of local election defeats.

With counting continuing the Conservatives have lost 279 seats, while the Liberal Democrats have lost 129. [BBC]

The eurozone service sector shrank in April at a faster rate than expected.

Commentators suggest that the economic situation in Europe has become more severe in recent weeks. [Guardian]

House prices in the UK have returned to 2004 levels according to Halifax.

The average home is now worth £159,883, despite a 2.4 per cent fall in April. [ThisIsMoney]

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