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June Heatwave Costs UK Economy £1.15 Billion as Working Hours Fall 30 Minutes

2026-07-23 08:59:01

According to research by the London School of Economics' Grantham Institute and the Euro-Mediterranean Climate Change Center, the June heatwave that swept Western and Central Europe reduced working hours and cost the UK economy £1.15 billion (approximately $1.5 billion). The survey of 1,950 UK adults found that high temperatures impacted work hours, workplace conditions, commuting, and sleep quality. During the week of June 22, average working time decreased by roughly 30 minutes per person. The June heatwave was Europe's most severe on record, with approximately 2,700 deaths recorded in Wales and England alone. The UK's June temperature record was broken consecutively over three days.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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