Mackay buying snow

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Mackay buying snow

The recent severe weather has cost Scotland's economy hundreds of millions of pounds, according to a leading economist. Highlands-based Tony Mackay said many firms had been forced to close or cut back on production after snow storms hit most of the country last week. But he added that the figure could be substantially higher than that. Mr Mackay said output been hit in part by the fact that many people had not been able to get to work during the worst of the weather. Many stores in snow-hit areas of Scotland ran short of basic items such as bread and milk after the 'Beast from the East' hit deliveries. Deputy First Minister John Swinney said on Saturday that shops were being 'restored to their normal supplies'. Mr Mackay said: 'I think the shops in particular have suffered very badly. Stuart Mackinnon, external affairs manager for the Federation of Small Businesses in Scotland, said that 'only in time will we have a good understanding of the economic impact of the recent poor weather'. He added: 'It will be important, though, that institutions like the banks support smaller firms that might be facing short-term cash flow problems as a consequence of lost trade. Meanwhile, experts have warned that the bad weather across the UK could hit Britain's economic growth in the short-term. And retail expert Phil Dorrell said the big freeze could be a 'disaster' for the high street as people staying home turned to more shopping online. Skip to content. US Election. Snow-hit shops begin to restock shelves UK economy faces hit from big freeze. Mr Mackay said if the bad weather lasted much longer, some businesses 'could go under'. Many stores ran short of essentials as the freezing weather took its toll on deliveries. UK economy faces hit from big freeze. Employers warned over snow days pay dock. Snow-hit shops begin to restock shelves. Scots urged to avoid panic buying.

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Mackay buying snow

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Mackay buying snow