North-south house price divide 'to widen' - Today's small business news roundup

  • By Josh Hall
  • 12 June 2012
North-south house price divide 'to widen' - Today's small business news roundup

House prices, 'zombie' companies, and euro worries - here's your need-to-know business news roundup.

The north-south house price divide is set to widen according to new figures from the Centre for Economics and Business Research.

Forecasts from the Centre suggest that house prices in London will rise by 2.4 per cent this year – but that prices in the north-east will fall by 2.7 per cent. [Guardian]

The economic recovery is being stymied by ‘zombie companies’ according to accountants Ernst & Young.

The firm said a wave of companies should be allowed to fail in order to help the UK return to growth. [Telegraph]

The eurozone failed to grow during the first quarter according to official figures.

The reports are likely to be welcomed by those who feared the area would return to contraction. [BBC]

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