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Business NewsObama: EU 'must focus on growth'
US President Obama wraps up a G8 summit saying that leaders agree economies must focus on jobs and growth to boost recovery. Sun, 20 May 2012 06:09:32 GMT Balls warns of cuts 'catastrophe' Labour's Ed Balls warns the world economy faces a "catastrophe" unless Germany abandons pressure on eurozone countries to cut public spending. Sun, 20 May 2012 10:21:05 GMT Report 'to urge cutting red tape' The prime minister is this week expected to back a plan to help boost growth by cutting employment red tape. Sun, 20 May 2012 15:22:43 GMT Nationwide on house prices'The monthly rate of house price inflation was unchanged in November at a seasonally adjusted 0.5%, leaving the average price of a typical property 2.7% higher than a year earlier. At £162,764, the average house price is at a similar level to where it was in early 2006. The 3 month on 3 month rate of change - generally a smoother indicator of the near term trend - dropped to 2.8% from 3.5% in October and 3.8% in September. This suggests that house prices are now rising at a more moderate pace than in the spring and summer months, when they experienced a very strong bounce form the early 2009 lows.'
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