The Federation of Small Businesses (FSB) said the March freeze cost the UK’s small businesses £174m, which breaks down to an average loss of £1,580. It said more than half of small firms admitted that cold weather damaged demand and closed businesses.
The British Retail Consortium (BRC) said that the worst affected regions were the east Midlands and the south west of England, with footfall down by 8.1% and 7%.
However, although footfall numbers were lower, the BRC said sales for the month were 1.9% higher in March than a year ago.
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