Businesses dependent on tourism are reporting a drop in turnover of 10 to 25 per cent.
However, experts say a recent warm spell, coupled with the success of Team GB, has seen a late surge in holiday spending.
It may be too late though for many businesses which are feeling the effects of prolonged bad weather, and people staying at home to watch the Olympics.
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There continues to be a risk of thunder tonight and tomorrow but the weather will become drier and clearer by sunday.
The Chief Exec of car manufacturer Lotus has said he is deeply sorry to announce job losses at the company's head quarters in Norfolk.
A man from Peterborough has admitted murdering his two-month-old daughter two days in to his trial at the Old Bailey.