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FITNESS, HEALTH, WELLNESS

features

Editor's letter: The economics of wellness

Governments are largely blind to the economic implications of an unhealthy population when it comes to productivity and GDP. Now’s the time to be focusing on this important issue

Published in Health Club Management 2022 issue 10
Politicians need to understand the value of a fit workforce / photo: XArtProduction/shutterstock
Politicians need to understand the value of a fit workforce / photo: XArtProduction/shutterstock
Policy too often creates a downward spiral of negativity and stress, rather than an upward spiral of health and energy

Policymakers are only just waking up to the fact that the key to economic success and productivity is a fit and healthy workforce.

This subject has been in the news recently, due to statements made in the UK by Andy Haldane, former chief economist at the Bank of England.

Speaking at The Health Foundation’s Real challenge lecture, Haldane said the declining health of Britons is stalling the nation’s economic growth.

“We’re in a situation for the first time, probably since the Industrial Revolution, where health and wellbeing are in retreat,” he said. “Having been an accelerator of wellbeing for the last 200 years, health is now serving as a brake on the rise of economic growth and the wellbeing of our citizens”.

Policymakers need to understand that in order for countries to run effectively, they need healthy, fit, engaged citizens with mental and physical resilience and vitality and that everything that reinforces this – such as supporting the physical activity sector – is to be encouraged, while everything that diminishes it is to be robustly tackled.

We’ve been arguing for some years that in addition to being part of sports portfolios, the health and fitness and physical activity sector should fall into the portfolios of departments for business and health within governments, on the grounds that all economic activity ultimately benefits from a fit and focused workforce and fit, healthy consumers who are capable of working.

Most governments seem to have lost sight of their role as nurturers, laying increasingly onerous tax burdens on citizens and failing to recognise or support the fundamentals that underpin economic success, such as prevention and exercise and healthy living initiatives.

When was the last time you heard a politician talk about the personal wellbeing of citizens? Policy too often just creates a downward spiral of negativity and stress, rather than an upward spiral and health and energy.

Wellness policy is an emerging area of political life in its own right and in the vanguard, the Global Wellness Institute (GWI) has launched Defining Wellness Policy (www.hcmmag.com/wellnesspolicy), the first of a series of research studies looking at the political landscape as it relates to policies that impact personal wellbeing.

The GWI found a direct correlation between spending on wellness and longevity and levels of happiness among entire populations, reinforcing the need for a greater focus on this vital area of public life.

With the world facing so many serious challenges, now’s the time to present evidence that the sector is already contributing to economic success and GDP and that this could be accelerated with the right political support.

Liz Terry, editor
[email protected]

https://www.leisureopportunities.co.uk/images/2022/704342_558401.jpg
The failing health of the UK population is undermining economic growth, presenting a significant opportunity for the sector, says Liz Terry
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features

Editor's letter: The economics of wellness

Governments are largely blind to the economic implications of an unhealthy population when it comes to productivity and GDP. Now’s the time to be focusing on this important issue

Published in Health Club Management 2022 issue 10
Politicians need to understand the value of a fit workforce / photo: XArtProduction/shutterstock
Politicians need to understand the value of a fit workforce / photo: XArtProduction/shutterstock
Policy too often creates a downward spiral of negativity and stress, rather than an upward spiral of health and energy

Policymakers are only just waking up to the fact that the key to economic success and productivity is a fit and healthy workforce.

This subject has been in the news recently, due to statements made in the UK by Andy Haldane, former chief economist at the Bank of England.

Speaking at The Health Foundation’s Real challenge lecture, Haldane said the declining health of Britons is stalling the nation’s economic growth.

“We’re in a situation for the first time, probably since the Industrial Revolution, where health and wellbeing are in retreat,” he said. “Having been an accelerator of wellbeing for the last 200 years, health is now serving as a brake on the rise of economic growth and the wellbeing of our citizens”.

Policymakers need to understand that in order for countries to run effectively, they need healthy, fit, engaged citizens with mental and physical resilience and vitality and that everything that reinforces this – such as supporting the physical activity sector – is to be encouraged, while everything that diminishes it is to be robustly tackled.

We’ve been arguing for some years that in addition to being part of sports portfolios, the health and fitness and physical activity sector should fall into the portfolios of departments for business and health within governments, on the grounds that all economic activity ultimately benefits from a fit and focused workforce and fit, healthy consumers who are capable of working.

Most governments seem to have lost sight of their role as nurturers, laying increasingly onerous tax burdens on citizens and failing to recognise or support the fundamentals that underpin economic success, such as prevention and exercise and healthy living initiatives.

When was the last time you heard a politician talk about the personal wellbeing of citizens? Policy too often just creates a downward spiral of negativity and stress, rather than an upward spiral and health and energy.

Wellness policy is an emerging area of political life in its own right and in the vanguard, the Global Wellness Institute (GWI) has launched Defining Wellness Policy (www.hcmmag.com/wellnesspolicy), the first of a series of research studies looking at the political landscape as it relates to policies that impact personal wellbeing.

The GWI found a direct correlation between spending on wellness and longevity and levels of happiness among entire populations, reinforcing the need for a greater focus on this vital area of public life.

With the world facing so many serious challenges, now’s the time to present evidence that the sector is already contributing to economic success and GDP and that this could be accelerated with the right political support.

Liz Terry, editor
[email protected]

https://www.leisureopportunities.co.uk/images/2022/704342_558401.jpg
The failing health of the UK population is undermining economic growth, presenting a significant opportunity for the sector, says Liz Terry
Latest News
Moonbird is a tactile breathing coach, which provides real-time biofeedback, measuring heart rate and heart ...
Latest News
Active Oxfordshire has received £1.3 million to tackle inactivity and inequality and launch a new ...
Latest News
Barry’s – known for its HIIT workouts combining treadmills and weights – is thought to ...
Latest News
Consultancy and change architects, Miova, have welcomed industry veteran Mark Tweedie on board. Tweedie had ...
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US private equity fund, Providence Equity Partners, is acquiring a majority stake in VivaGym from ...
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The Bannatyne Group says it has officially bounced back from the pandemic, with both turnover ...
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There is speculation that Basic Fit will sell the five Spanish Holmes Place clubs it ...
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As one of the most energy-intensive industries in the UK, leisure facilities face a critical challenge in balancing net zero goals, funding and increased costs.
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Featured supplier news: W3Fit EMEA’s innovative programme sets sail for Sardinia, Italy
Following a hugely successful event last year in Split, Croatia, W3Fit EMEA, is heading to the Chia Laguna resort in Sardinia from 8-11 October.
Company profiles
Company profile: seca Ltd
As the world market leader of medical measuring and weighing we take body composition analysis ...
Company profiles
Company profile: Active IQ
The UK’s leading Ofqual-recognised awarding organisation for the physical activity sector, we offer over 100 ...
Supplier Showcase
Supplier showcase - Jon Williams
Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
KeepMe press release: Keepme unveils Fitness Marketers' Cheat Sheet containing AI strategies for fitness professionals
Keepme has announced the release of its newest addition to its Best Practice Series: the "Fitness Marketers' Cheat Sheet."
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CoverMe Ltd press release: CoverMe Fitness launches in Australian market with industry veteran Tony Zonato at helm
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Directory
Lockers
Crown Sports Lockers: Lockers
Cryotherapy
Art of Cryo: Cryotherapy
Spa software
SpaBooker: Spa software
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Salt therapy products
Himalayan Source: Salt therapy products
Snowroom
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Loughton, IG10
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Grantham, Leicestershire
Belvoir Castle
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Diary dates
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China Import & Export Fair Complex, Guangzhou, China
Diary dates
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Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
Diary dates
30 May - 02 Jun 2024
Rimini Exhibition Center, Rimini, Italy
Diary dates
08-08 Jun 2024
Worldwide, Various,
Diary dates
11-13 Jun 2024
Raffles City Convention Centre, Singapore, Singapore
Diary dates
12-13 Jun 2024
ExCeL London, London, United Kingdom
Diary dates
03-05 Sep 2024
IMPACT Exhibition Center, Bangkok, Thailand
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The Salil Hotel Riverside - Bangkok, Bangkok 10120, Thailand
Diary dates
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REVĪVŌ Wellness Resort Nusa Dua Bali, Kabupaten Badung, Indonesia
Diary dates
22-25 Oct 2024
Messe Stuttgart, Germany
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Diary dates
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In person, St Andrews, United Kingdom
Diary dates
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