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UK economy being held back by worsening health of British public, Andy Haldane warns

The worsening health of the British people is holding back economic growth for the first time since the Industrial Revolution after years of underinvestment in services, Andy Haldane has warned.

by | 9 Nov, 2022

The chief executive of the Royal Society of Arts (RSA) said more than a century of progress on health and wellbeing was going into reverse, with a direct impact on the economy and the cost of living emergency.

“We’re in a situation for the first time, probably since the Industrial Revolution, where health and wellbeing are in retreat,” he said.

“Having been an accelerator of wellbeing for the last 200 years, health is now serving as a brake in the rise of growth and wellbeing of our citizens.”

However, the former chief economist at the Bank of England said the global health emergency had only served as a “tipping point”.

Shared from The Guardian

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