The report – the final major submission to the IPPR Commission on Health and Prosperity – estimates the hidden cost of sickness on the economy has risen by £30bn since 2018. About £25bn of this is down to lower productivity caused by people working through illness rather than taking time off, the report suggests, with the remainder due to actual sick days.
The IPPR describes the UK as “the (literal) sick man of Europe”, with poor quality jobs, overconsumption of unhealthy food, smoking, gambling and low rate of investment impacting public health. It warned that growing sickness will lead to people living longer in poor health, as well as posing a “grave fiscal threat”.
Citing analysis by the Office for Budget Responsibility, the report suggests economic inactivity due to sickness could lead to an £8.9bn reduction in annual tax receipts, as well as higher welfare spending and higher healthcare spending.
This story is from the August 01, 2024 edition of The Independent.
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This story is from the August 01, 2024 edition of The Independent.
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