FinancialAdvice.co.uk Logo

Qualified advisers answering your
Financial Questions
call 0800 092 1245

The hidden cost of New Year celebrations

A report out today by the Policy Exchange has cast a very different shadow over this evening's New Year celebrations with an estimate that it will cost the NHS £23 million to treat patients who have drunk too much over the next 24 hours. This is a damning indictment of the drinking culture in the UK and the underlying cost to the economy which is often hidden from view.

This is further fuel to the fire regarding the debate about the cost of alcohol in the UK, a debate which rages on in areas such as Scotland where minimum pricing has been suggested. Whether minimum pricing of alcohol penalises the majority for the actions of a minority is open to debate but the cost of drink related health issues in the UK, let alone matters in the employment market, are enormous.

When you also take into account the cost of policing, damage to property and casualties (with some fatalities expected this evening) the overall cost of the New Year celebration could be enormous. Hospital wards will be awash with casualties, alcohol will be freely available in houses, pubs and supermarkets up and down the country but who will foot the bill in the end?

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:



Latest News

Blogs

Helpful new tax year facts that could affect you and your money


Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.


Read more

Useful Links

Popular Searches

Please Enter More Details

 
Enter More Details
Continue