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UK high street set to suffer from cold weather

The 0.4% GDP growth forecast for the first three months of 2018 could reduce by as much as 0.2%, economists have warned, as the UK economy takes a “significant hit” as a result of the recent icy weather.

Retail is one of the sectors expected to be hit hardest, with one analyst saying the big freeze could be a “disaster” for the high street as many people decide to stay in and shop online instead.

“Anything that takes footfall away from shops reduces spend, and pus…
Marketing Week