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Page last updated at 08:57 GMT, Tuesday, 10 July 2012 09:57 UK

Have floods affected the economy?

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Many people in the wettest parts of the country are having to deal with the effects of flooding, and the sodden ground that wont let the water go, but there are wider economic effects too.

It was the wettest June on record, and after a burst of activity before the jubilee celebrations, the British Retail consortium says that activity fell away.

Stephen Watkins, a farmer from Worcestershire, says he is starting to lose crops and some rows that are "completely under water".

Economist DeAnne Julius, takes a different view and urges not to worry too much about the impact of the weather on the economy.

"The weather makes us gloomy," she told the Today programme, "I don't think we should add to that gloom by fearing the whole economy is going down the tombs".


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