Barclays says extreme heat is altering companies' behaviour
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A survey by Barclays has found that this year's heatwaves have significantly impacted UK companies' investment plans and consumer behavior. Around 60% of companies are investing or planning to invest in technologies to adapt to extreme heat. Consumers reported that temperatures above 25.1°C are too high for shopping, while temperatures above 24.2°C make them not want to commute to work.
The UK experienced five heatwaves and record temperatures over 38°C this summer, affecting productivity, especially in agriculture and construction, and highlighting the country's infrastructure unpreparedness for rising temperatures.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.