But the figure was estimated to be far higher -- around 40 percent -- in London and southeast England , which is home to around a fifth of all British businesses . UK hit by heavy snow ; economic losses estimated to be $ 1.7 billion . Around 20 percent of workers failed to make it to work on Monday . Figure much higher in Europe , in England , where many businesses failed . Up to 100 firms could go bust because of the bad weather , analysts warn .
UK hit by heavy snow ; economic losses estimated to be $ 1.7 billion . Around 20 percent of workers failed to make it to work on Monday . Figure much higher in Europe , in England , where many businesses failed . Up to 100 firms could go bust because of the bad weather , analysts warn .