Quote:
Originally Posted by Chris
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.
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Quite right ,when i go back to work on the 4-5th we will be playing catchup ,trying to do work we couldn't do when the snow was on the ground as well as current work ,Quite a good thing actually as normally this a naturally quiet period but because of the snow ,weather permitting of course,we will be really busy .The money hasn't been lost just earned in a different period ,This will be same for most businesses