A study released by the London School of Economics (LSE) estimates that Britain’s record-breaking heatwave in June causes a significant economic loss. The research, reported by multiple outlets, uses survey and related data from almost 2,000 people to assess how extreme temperatures affect daily life, including working hours and sleep. The analysis estimates that about 24 million hours of work are lost during the period, leading to an economic cost of £1.15 billion, which some reports also convert to roughly $1.5 billion. Outlets also note that the heat exposes problems in housing and workplaces as well as stresses on public transport. Several sources add that workers in sectors such as construction and agriculture reduce their hours to cope with the conditions. Overall, the findings link the June heatwave to reduced productivity through time lost at work and associated impacts on rest and wellbeing. The study presents its estimate as a calculation of the economic effect of heat on working time and related functioning during the episode.
June heatwave costs UK economy over £1 billion, study estimates
A study released by the London School of Economics (LSE) estimates that Britain’s record-breaking heatwave in June causes a significant economic loss. The research, reported by multiple outlets, uses...
- The London School of Economics (LSE) releases an estimate on the economic impact of Britain’s June heatwave.
- The study estimates about 24 million lost work hours due to the heat.
- The economic cost is estimated at about £1.15 billion (about $1.5 billion in some reports).
- Researchers survey nearly 2,000 people about the effects on working hours and sleep.
- Some reporting links the impact to reduced hours among workers, including in construction and agriculture, and to stresses on homes, workplaces, and public transport.
Researchers from the London School of Economics (LSE) surveyed almost 2,000 Brits to understand the impact the record-breaking heat had on their working hours and ability to sleep.
1 month agoResearchers from the London School of Economics (LSE) surveyed almost 2,000 Brits to understand the impact the record-breaking heat had on their working hours and ability to sleep.
1 month agoScorching temperatures exposed shortcomings in Britain’s homes, workplaces and public transport.
1 month agoEngland's record June heatwave triggered a $1.5 billion economic hit as construction, agriculture and other workers cut hours to cope
1 month agoBritain's record-breaking June heat wave resulted in some 24 million lost hours of work, costing the economy £1.15 billion ($1.5 billion), according to an estimate released Thursday by the London School of Economics (LSE).
1 month ago
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