Uh ohh.....please not more snow!

shortchanged_2

Out,_Vile_Jelly wrote: »

Come on, look at the pics of supermarket shelves stripped bare! Better than Christmas for them.

Bread alone, doth not a boom make.

Graham_Devon

Was watching Sky News earlier. The excuses are already in.

This snow could apparently knock 0.1 to 0.2% off GDP. Not sure how it's been worked out. Seemed to be a very crude "a 3rd of workers haven't gone in today, therefore a 3rd of productivity is lost", and ta da, you've got your reason for every bit of bad news for the next month. People don't work from home anymore, people can't get anything done anymore on the move (regardless of everything they have told us before now about mobile working thanks to technology). Everything has gone out of the window.

God knows how the economy ever got by before 2007 when snow hit. :undecided

The snow will be melting in the wrong way soon.

Going4TheDream

Graham_Devon wrote: »

Was watching Sky News earlier. The excuses are already in.

This snow could apparently knock 0.1 to 0.2% off GDP. Not sure how it's been worked out. Seemed to be a very crude "a 3rd of workers haven't gone in today, therefore a 3rd of productivity is lost", and ta da, you've got your reason for every bit of bad news for the next month. People don't work from home anymore, people can't get anything done anymore on the move (regardless of everything they have told us before now about mobile working thanks to technology). Everything has gone out of the window.

God knows how the economy ever got by before 2007 when snow hit. :undecided

The snow will be melting in the wrong way soon.

Perhaps in a buoyant economy the loss of business can be weathered........ but in a weak one it cant.

I know today the weather has cost our company a fortune today. In a fragile environment it is possible that this could be enough to tip some companies over the edge if the weather continues for a week or two.

I think the thing that this brings home to me is that how fragile things really are and no matter how people try to big it up the economy is still dire if a week or two can really make that much difference to GDP and bring on the possibility of a triple dip recession

grizzly1911

Going4TheDream wrote: »

I know today the weather has cost our company a fortune today. In a fragile environment it is possible that this could be enough to tip some companies over the edge if the weather continues for a week or two.

Depending on the business I can see that bad weather can create problems. Especially when you don't know how long it will last.

What gets me is when bank holidays fall in a period and that is used as an excuse/reason for figures being slightly different. A lot of businesses don't take bank holidays like they used to. We know they are going to happen, so get worked round with volume falling either side. If it is critical work it will become a work day. If it is say desk bound, project, technical work rather than production this gets absorbed into the work cycle.

I could see something like the jubilee or wedding giving a positive boost.

wotsthat

shortchanged wrote: »

The forecast of snow for the UK was met with panic by the Treasury which they feel is going to put a lid on the forecoming economic boom.

Done my bit for the economy - cleared the driveway of snow so I can get the car out and get to work. The next door neighbour left early on his mountain bike! Strivers - that's what we are.

michaels

Anecdote but the roads and shops were dead over the weekend so unless everyone was spending online instead then it does have an impact.

MacMickster

Is it just me, but didn't what we now refer to as "severe weather events" and which have such a negative impact on the UK economy, used to merely be referred to as "winter"?

Generali

Graham_Devon wrote: »

Was watching Sky News earlier. The excuses are already in.

This snow could apparently knock 0.1 to 0.2% off GDP. Not sure how it's been worked out. Seemed to be a very crude "a 3rd of workers haven't gone in today, therefore a 3rd of productivity is lost", and ta da, you've got your reason for every bit of bad news for the next month. People don't work from home anymore, people can't get anything done anymore on the move (regardless of everything they have told us before now about mobile working thanks to technology). Everything has gone out of the window.

God knows how the economy ever got by before 2007 when snow hit. :undecided

The snow will be melting in the wrong way soon.

I'm not sure why it so difficult to grasp that this is economics. People going to work makes output. Output is GDP.

If people can't get to work because of snow, floods or zombies then output falls and so does GDP.

Please understand that.

Generali

michaels wrote: »

Anecdote but the roads and shops were dead over the weekend so unless everyone was spending online instead then it does have an impact.

Not in the fantasy muddle world of some posters.

IveSeenTheLight

Graham_Devon wrote: »

People don't work from home anymore, people can't get anything done anymore on the move (regardless of everything they have told us before now about mobile working thanks to technology).


........


God knows how the economy ever got by before 2007 when snow hit

I thought you said on another thread you couldn't get to work without your car, no other means of transport was viable.

How does that compute if similar people find roads impassable?

My direct reports all have laptops / VPN's so they could work remotely. I don't think this is the norm throughout the country.

You make a good point though that previous generations coped better than the current ones.

On 5-Live today, I heard someone complaining that the schools were closed with only 6" of snowfall over the weekend.
I recall going to school in about 2 feet of snow