Cold weather hits energy bills

The unseasonable wintry weather is likely to fuel further increases in fuel bills, National Grid has warned. Britain's gas supplies have been very low as a result of higher-than-expected demand for this time of year.

View all 5 updates ›

Economists warn of triple-dip recession due to weather

Workers begin clearing roads in Burnley Credit: Dave Thompson/PA Wire/Press Association Images

Economists have warned that the recent extreme weather conditions may threaten a second consecutive quarter of falling national output, fuelling fears that Britain may be on track for a triple-dip recession.

Samuel Tombs, of Capital Economics, said: "Given that most economic indicators suggest that the economy was barely growing at all before the latest bad weather struck, the snow could well be enough to cause GDP to fall for a second consecutive quarter."

More top news