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Snow costing UK economy £600 million a day

It is estimated that the snowy weather in the UK is costing UK businesses £600 million a day at a time when few businesses can afford to give away trade. A mixture of staff absence numbers and missed trade is beginning to add up and becoming a major concern for the UK government.

It is no secret that many small to medium-sized businesses (and a few larger businesses) are literally trading on a shoestring with their finances stretched to the limit. If this bad weather was to continue for some time in the UK there is a chance we could see a number of businesses going to the wall purely and simply because consumers are not able to get out onto the high street and life is taking some time to get back to normal.

The UK economy has had a very difficult 2 years and just when the signs were starting to emerge that the economy was pulling out of recession this is a body blow for small businesses in the UK. Whether the UK government will be able to offer some kind of financial assistance in the short to medium term remains to be seen but the situation has suddenly gone from bad to worse.

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