Peter Hoskin

Snow: the last thing Gordon wanted?

Right, I’ve been determined to avoid posting about the snow, but this FT article is just too eye-catching to go unnoted.  It reports that today’s snowfall, and the increased absenteeism it’s precipitated, has cost the economy around £1 billion.  Hardly ideal during a recession, and things could get worse.  Here’s a quote from Stephen Alambritis of the Federation of Small Businesses:

“If this goes on for a few days or even a week that could sink into the recession and make it longer than it would have been. This has knocked back the spring feel good factor, which we hoped would kick start the economy.”

For once, Brown may be in luck.  The Met Office’s severe weather warnings don’t last beyond tomorrow…

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