Over the past week the snow has caused major issues for many businesses through out the UK, but closures and staff unable to attend work has serious consequences on the UK economy.
RSA (a world leading multinational insurance group) has estimated that problems caused by the snow have produced a loss of £470m per day. Similar conditions in 2010 lead to a drop of 0.5% in the economy, and we are yet to know the figure for the first snow fall of this year.
Small to mediums size businesses are really feeling the affects, with many people less willing to venture out in the adverse conditions. Mr Steve Agg, Chief Executive of the Chartered Institute of Logistics and Transport, said ‘if you don’t buy today, you are not going to buy twice tomorrow to make up for it, so there are losses’.
This isn’t good news for Britain with talk about a looming triple-dip-recession, Mr Howard Archer, Chief UK and European Economist at HIS Global Insight, said ‘it is evident that the economy is struggling markedly to grow at the start of 2013 without any hindrance from snow. Clearly, the longer that the snow and ice lasts, the greater will be the negative impact on the economy’.
However, it’s not all bad news, with the advancements of technology and Cloud Computing you can safeguard your business from losing money, don’t let uncontrollable weather bring your business to a halt.
Work anywhere, anytime, and on any device – Cloud Computing – The future of IT
Source: BBC News