People working through illness costs the economy billions of pounds annually. The IPPR urges employers to prioritize good workplace health, highlighting the significant hidden cost of sickness on the economy, estimating a rise of 30 billion since 2018.
The UK is described as the 'sick man of Europe' by the IPPR due to poor job quality, overconsumption of unhealthy food, smoking, gambling, and low investment, warning of the impact on public health. The report emphasizes the consequences of growing sickness in the population, leading to longer life in poor health and posing fiscal risks.
Analysis by the Office for Budget Responsibility cited in the report warns of an 8.9 billion reduction in tax receipts annually due to economic inactivity caused by sickness. This would result in higher welfare and healthcare spending. Dr. Jamie O'Halloran of IPPR stresses the negative impact on worker wellbeing and productivity when individuals work through illness.
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