unprecedented drop third time in four years is becoming buyers stay home and paralyzed vital transport
Snowcovering a large part of the United Kingdom could plunge the economy into a recession unprecedented triple immersion, economists have warned.
With the icy blast of cold shows no immediate signs of slowing down, and some places do not expect to see green grass again until next month, while the economic outlook too dark. A series of economic reports - including trade data, weak business surveys sad and pessimistic detail -. A fueled fears that official figures this week showed that output fell in the last quarter of last year
Now analysts fear a cold snap in January could lead to another quarter of contraction, plunging the UK into its third recession in four years. Because land transportation services to its end, the British were not able to get to shops and restaurants, shops close early, the construction has been affected, and supply chains are disrupted. Howard Archer, chief economist for Europe and the United Kingdom, IHS Global Insight, said retailers would be particularly affected, such as hours of disturbed weather shopping Saturday.
David Tinsley, UK economist at BNP Paribas, said: "The scary thing is that, while the snow falls in London and attracts a lot of noise, he could still get down in the first quarter as GDP . would be triple immersion in the territory, but for the wrong reasons. "With snow Met Office forecast in some parts of the country next week, the economic success could be serious. "Obviously, the more snow and ice lasts, the more negative impact on the economy," said Archer.
Snow, bitter easterly winds continued to cause cold conditions and hard about air travel, road and rail on Saturday. Other problems are expected as snow falls across the country Sunday morning in London and the south-east and north spread throughout the day. A search is underway for three people Saturday night in Glen Coe missing following an avalanche.
angry passengers at Heathrow promised to boycott British Airways, the airport, and in some cases, Britain itself as the travel chaos has shown few signs of abating, Saturday . One hundred flights were canceled at Heathrow, 67 of them starts, with passengers to rebook at a later date. In Sunday20% of flights from the airport have been canceled.
Carla Aguilar, a sales representative in Toronto traveling to Ibiza holiday, said: "I never fly BA again, in fact I will never return to this country, I will not happen. penny in this country. In the future, I'd rather pay $ 500 more for a direct flight having to set foot in this country. knew days before I was going to snow, it's awful. "Aguilar had booked your flight BA appellant in Canada, the airline's website and phone line in the UK were closed.
economist Michael Dressley, New York, was forced to wait nearly 30 hours for a flight to Zurich, the lack of preparation vital to the World Economic Forum a day this week in Davos, Switzerland. He said: "I'm never booking British Airways at Heathrow winter with the new policy is chaotic passenger airlines, saying he could not say how long the flight is delayed is outrageous .... Never again "
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