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UK Heatwave Cost Economy $1.5 Billion, Wiped Out 24 Million Work Hours: Study

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England's record June heatwave triggered a $1.5 billion economic hit as construction, agriculture and other workers cut hours to

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UK Heatwave Cost Economy $1.5 Billion, Wiped Out 24 Million Work Hours: Study

England's record June heatwave triggered a $1.5 billion economic hit as construction, agriculture and other workers cut hours to cope.

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UK Heatwave Costs Economy $1.5 Billion, Wipes Out 24 Million Work Hours

A study by the London School of Economics (LSE) has estimated that the UK's record-breaking June heatwave cost the economy £1.15 billion ($1.5 billion) and resulted in 24 million lost hours of work. The heatwave, which was the hottest June on record, had a significant impact on the economy, particularly in the construction and agriculture sectors. The LSE study found that the heatwave led to a significant reduction in productivity, resulting in lost hours and revenue for businesses. The study also highlighted the need for businesses to prepare for extreme weather events and develop strategies to mitigate their impact.

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