UK Study Estimates £933 Million Economic Cost of Water Deaths
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
A study found that at least 659 people died in water across the UK in 2023. These deaths resulted in a combined loss of 15,557 years of life. The research estimates the economic cost of these lost years to be around £933 million. The study also noted that the risk of accidental drowning increases by 7.2% for every 1°C above 15°C.
From miragenews.com
Why it matters
The calculation used the value of one year of life provided by HM Treasury. The high cost is attributed to the fact that drowning often affects young people, particularly men aged 20 to 29. This quantified financial burden could drive policy and regulatory pressure regarding water safety.
From miragenews.com
Who's involved
- University of PortsmouthUniversity of Portsmouth researchers who calculated the economic cost of lives lost
- HM TreasuryHM Treasury, which provided the value used for calculating the economic cost of life
- EnglandGeopolitical state where the deaths occurred
- ScotlandGeopolitical state where the deaths occurred
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- HM TreasurySpeculative
HM Treasury could experience pressures on fiscal planning and resource allocation due to the quantified economic cost.