Who will benefit from the snow?

UK has been reeling under snow since the last few days. The metrological department has issued weather warning of a mix of sleet, snow and rain

As temperatures hit sub-zero, some people gain from adverse weather conditions while others suffer losses. Here is a look at the winners and the losers due to the snow.

The Winners

School children are the happiest as schools as closed. They are likely to enjoy a longer vacation.

A well-heated mall is always a blessing to those stranded outside in the cold. Departmental stores may have expected a drop in footfalls due to heavy snowfalls. However, the sale of winter wear, sweaters, jackets and thermal clothing are surely booming. Sales of sledges and shovels have also increased.

Tyre companies are making hay while the sun shines. There has been a sudden increase in demand for winter tyres.

With people getting ready to begin Christmas shopping, the snow may ruin shopping plans. Online stores will be flooded with orders as long as they can deliver the product despite transport problems. Amazon UK has posted a warning stating “Deliveries in some areas of the country may be affected by adverse weather conditions.”

If the snowfall continues, people may resort to panic buying by stocking up on canned food and soup.

The losers

City councils are shelling out amounts as high as £1.2 bn. Not only do they have to invest in salt but also in manpower to clear the snow.

Scotland is worst hit. All six Scottish Premier League football matches have been postponed.

Businesses are running losses as employees are unable to each their workplace. Employees are unable to stick to their travel plans as trains and flights are cancelled.

NHS will have to treat more people for winter-related illnesses. The number of people visiting the A & E with injuries from slips, falls and other ice and snow accidents has increased.

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1 Comment

Filed under Finance

One response to “Who will benefit from the snow?

  1. Am not sure where all that money is going. A little bit of snow and London shut down completely!

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