The destruction of nature over the rest of the decade could trigger a bigger economic slump in Britain than those caused by the 2008 global financial crisis and the Covid pandemic, experts have warned.
The continued loss of natural habitats in urban and rural areas would compare unfavourably with the financial crisis of 2008, which took about 5% off the value of UK GDP, while the Covid pandemic cost the UK 11% of its GDP in 2020.
The report then added acute risks on top of these trends including floods, droughts and wildfires which would result in a 6% loss to GDP in the domestic and international scenarios, and a 12% hit in a health scenario, reflecting the extreme dangers to the UK economy from a renewed pandemic.
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