This article talks about a decline in business activity because of the exceptional cold weather in the UK. According to the BRC ( British Retail Consortium ) there was a decline of walk ins by 5.2% when compared to last year. This lead to a £174m losses for small business.
The areas which took the highest hits were the Eastern Midlands down by 8.1% and south west of England by 7%. While other reports have also suggested that the sales figures had increased about 1.9 % in march. This shows that people did actually go out and purchase goods. An accountancy group Ernst & Young have stated that the UK economy would expand by 0.6% this year. it also stated that because of the recent euro zone crisis, UK's exports would remain weak.
http://www.bbc.co.uk/news/business-22121894
The areas which took the highest hits were the Eastern Midlands down by 8.1% and south west of England by 7%. While other reports have also suggested that the sales figures had increased about 1.9 % in march. This shows that people did actually go out and purchase goods. An accountancy group Ernst & Young have stated that the UK economy would expand by 0.6% this year. it also stated that because of the recent euro zone crisis, UK's exports would remain weak.
http://www.bbc.co.uk/news/business-22121894
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