But what we are seeing is economic activity reduced , contracts not being signed , invoices not being sent out and meetings being canceled . '' UK crippled by heavy snow ; economic cost estimated to reach $ 1.7 billion . Comment: Figure much higher in London , southeast England , where many businesses based . Up to 3,000 firms could go bust because of the bad weather , analysts warn .
UK crippled by heavy snow ; economic cost estimated to reach $ 1.7 billion . Comment: Figure much higher in London , southeast England , where many businesses based . Up to 3,000 firms could go bust because of the bad weather , analysts warn .