terrorist threat to commercial sector
In my opinion the terrorist threat to the commercial sector is a very real one which should not be overlooked. The commercial sector within the UK consists of a multitude of different industries that as a whole make up the UK economy, each industry conducts its business and trade by relying on the other to fulfill its supply and demand which is turn provides consumer confidence, that in itself is what the economy is based on which makes it susceptible and vulnerable whenever there is disruption to a sector
So what is the definition of terrorism, they are many varied descriptions and ideas of what people have labelled as terrorism, for …show more content…
This also had a huge ‘knock on’ effect in the UK also, not only was significant trade and commerce lost through international trade, confidence throughout was also lost and cities across the UK began to draw up measures to protect themselves against an attack. In what has been called the ‘Terrorist Tax’, cities in the UK felt the need to draw up precautionary measures for dealing with the impact of a terrorist attack (LCCI 2005).
The attacks that occurred in London on 07 July 2005 had a huge short term impact on the commercial sector of the UK. Disruption to the transport system was a major factor. Interviews were conducted with various companies by the LCCI and that provided evidence that consumer confidence was low and that many had chosen to avoid travelling to the cities tourist