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.
Butchers in the UK are losing a generation through lack of training opportu...
NASA research has revealed how dust blown from the Sahara desert helps supp...
“In the run up to the Budget 2015 most commentators were predicting that th...
The UK’s first fully operational floating solar panel system has been unvei...
Axing the badger cull in England and Wales will save more than £120 million...
By 2025, solar power could become one of the cheapest forms of energy in ma...
Demand for Scottish farm land remains strong and continues to be better val...
The Welsh red meat industry should aim to increase sales by at least 34 per...
Fears about the impact that a proposed transatlantic trade agreement could ...