It has been reported that the recent bad weather seen across the UK will result in businesses losing billions of pounds. The recent cold snap that has seen snow storms, freezing weather, and sub-zero temperatures has already cost businesses an estimated £690 million, and if it continues over the next few weeks it is estimated that the cost could grow to as much as £14 billion. Weather experts are predicting that the freezing temperatures will continue, and this could spell very bad news for businesses.

In some of the worst hit areas around three million people had to stay off work due to problems caused by the weather, and this equated to an absence rate of 50 percent. With thousands of schools and nurseries being closed many parents were forced to take time off work, whilst in other cases workers simply weren’t able to tackle the roads in order to get themselves into work.

The army had to be called in to rescue stranded motorists in some areas, and hospitals had to cancel non-essential operations as the weather continues to wreak havoc across the country. Forecasters have said that the cold spell is the worst that has been seen in around thirty years, and in Scotland temperatures could drop to as low as -20 degrees.

The weather has already caused chaos for many people, leaving drivers stranded, air passengers unable to travel, households without electricity, and roads in highly dangerous conditions. Some councils stated that they only had enough grit to cope for one day, and even Business Secretary Lord Mandelson has stated that he is baffled by the inability of Britain to prepare for bad weather such as this

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