Tag: years

House prices see largest monthly fall for 11 years, says Nationwide

Image copyright Getty Images House prices fell 1.7% in May from the previous month, the largest monthly fall for 11 years, according to the Nationwide. Annual house price growth halved from 3.7% to 1.8%, as the coronavirus crisis hit market activity. The latest HMRC data showed that residential property transactions fell 53% in April compared with 2019. “The medium-term outlook… Read more →

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Coronavirus: Leading economist warns of 10 years of depression and debt

Image copyright Getty Images Economist Nouriel Roubini has warned of a prolonged downturn and sluggish recovery from the coronavirus. Nicknamed Dr Doom for his gloomy predictions, Professor Roubini said there are some jobs that simply will not come back after this crisis. Even if the global economy recovers this year from the impact of the coronavirus, it will be “anaemic”.… Read more →

‘After eight years on drugs, I run a million-dollar firm again’

Image copyright Jackie Hueftle Image caption Ian’s story is one of recovery and redemption The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Ian Powell and Jackie Hueftle who own US firm Kilter Grips, which makes holds for climbing walls. When Ian Powell hit rock bottom very hard, it was… Read more →