20% of vehicle fleets were affected by the floods
“We received a range of comments from respondents," Kjell Anderton, director of the TrackCompare.co.uk has said.
"One fleet operator told us he’d lost more than £80,000, which he blamed on the government for poorly maintained flood defences.
“And a self-employed courier said he’d ‘lost a lot of money’ because he couldn’t get to his delivery points.
“However, for a few businesses it was quite a different story – some actually got busier.”
According to the Federation of Small Businesses, the floods cost small firms more than £830m.
The organisation said a third of small firms in affected areas suffered from reduced demand, while transport disruption hit supplies and led to staff absences at many firms. The average cost to each business in flood-hit areas was £1,531.
Estimates of insured losses varied widely. Credit Suisse analysts said the final bill could reach £1.2bn, while Bank of America Merrill Lynch put the figure at £1.5bn.
No comments posted yet. Be the first to post a comment
Please enter your name
Please enter your comment
Your comment submitted successfully.Please wait for admin approval.
Some error on your process.Please try one more time.
The permanent eradication of Bovine Viral Diarrhoea [BVD] in Scottish cattl...
The abolition of milk quotas in Europe on 1st April has resulted in a numbe...
The top 14 milk producing countries in Europe will increase their productio...
Matt Ware is the NFU's head of government and parliamentary affairs, based ...
There is a 'desperate need' to improve farmgate returns given low incomes a...
Rapid stem extension, after a slow start to spring, is likely to create spl...
The time has come for landlords to expect to see reductions in farm rents, ...
Cogent’s reputation as a source of the highest calibre sires has been enhan...
The spread of exotic and aggressive strains of a plant fungus is presenting...