Quote:
Originally Posted by Stuart
You are, of course, assuming that the business concerned is not, in any way, time sensitive.
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I'm not making any assumptions about any individual business. The figure quoted, 'a billion', refers to the entire economy, not any individual business, and is derived by the media doing a back-of-the-fag-packet calculation. Most probably, by dividing this country's GDP by 365 to find out how much the country produces in a day, and then assuming the country has lost X days due to the weather.
While there will certainly have been irrecoverable financial losses during the bad weather, there will also be a great deal of business activity that will simply have been delayed. Productivity that is delayed by a week or two is not lost to the economy. The figure of one billion, unless all this has been accounted for, is fundamentally flawed.