Deloitte: Poor mental health costs UK economy £45bn

Up 16% since 2017

Adam Saville
clock • 1 min read

Sixth of workers experience a mental health problem at any one time, latest report finds

In 2017, Deloitte published research that contributed to the Stevenson/Farmer review, which found that absence, loss of productivity and presenteeism due to poor mental health was costing UK employers £33-£42bn a year. The latest report from the financial services firm - released this week - revealed that this figure has risen 16% - to £45bn a year. The research also makes a positive case for investment in mental health by employers, finding an average return of £5 for every £1 spent - an increase from the £4 return on £1 reported in 2017. The report also covered the detrimental im...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Group Protection

IPT hits £6.7bn in 24/25

IPT hits £6.7bn in 24/25

IPT and Employer NICs receipts

Cameron Roberts
clock 22 January 2025 • 2 min read
Economic inactivity steady but unemployment rising: ONS

Economic inactivity steady but unemployment rising: ONS

Employment impact on protection and health

Cameron Roberts
clock 21 January 2025 • 2 min read
Mental illness ranks as second most common GIP claim

Mental illness ranks as second most common GIP claim

Early intervention made the most difference

Jaskeet Briah
clock 17 January 2025 • 3 min read