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Spring Journal

Volume 31, Issue 1

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his week marks 25 years since the Great Storm of 1987, widely (but erroneously) considered the only UK hurricane in living memory. 23 people died in the storm, which also caused £7.8bn worth of damage, cut power to thousands of homes and drove transport to a halt as fallen trees blocked roads and train lines.

But one of the less-well-known consequences was in the financial markets. Severe travel problems across the south of England meant few traders managed to struggle into work in London on Friday 16 October 1987. Unfortunately this coincided with the Hong Kong and Tokyo stock markets crashing and financial crisis spreading west through Europe.
Read more at http://www.business2community.com/strategy/intranets-and-business-continuity-lessons-from-1987-0309135#RQs02UKD6mduGP8V.99