Money Wellness

cost of living

Published 22 Nov 2023

2 min read

Government urged to consider people’s mental health in the autumn statement

The government needs to take action in today’s autumn statement to address the persistent money worries that are driving an ongoing cycle of despair for many people across the UK, it has been claimed.

A worried-looking woman goes through her finances
routledge

Written by: Rebecca Routledge

Senior Content Manager

Published: 22 November 2023

Unacceptable levels of mental distress

According to the Mental Health Foundation, current levels of mental distress in the UK are unacceptable and there are steps the government could take to ease the problem.

The charity’s latest poll carried out in the past few weeks found 31% of adults had felt anxious, 27% had felt stressed and 9% had felt hopeless about their financial situation in the last month.

Poorest carrying the heaviest burden

Dr Shari McDaid from the Mental Health Foundation commented:

“Sometimes it can seem that there is a strange sense of normality about the struggles that people are experiencing; as though we must accept that, despite living in one of the richest countries on Earth, research from the Trussell Trust tells us that one in seven of us face hunger due to lack of money to buy food.”

She added:

“[I]t is the people who have the least that carry the heaviest burdens”.

Mental health impact assessments

McDaid called on the government to introduce a mental health impact assessment for all its policies to encourage the changes needed to support good mental health for all.

She said the decision to freeze the income tax-free allowance until 2028 was one policy having a disastrous effect on the mental health of people on low incomes, as they lose a higher proportion of their salaries as inflation increases.

Much work to be done

She concluded:

“There is much work to be done: In this week’s autumn statement, we need to hear about financial support schemes that will prevent people from experiencing financial strain and associated mental health problems.

“That would be a step in the right direction.”

routledge

Written by: Rebecca Routledge

Senior Content Manager

A qualified journalist for over 15 years with a background in financial services. Rebecca is Money Wellness’s consumer champion, helping you improve your financial wellbeing by providing information on everything from income maximisation to budgeting and saving tips.

Published: 22 November 2023

The information in this post was correct at the time of publishing. Please check when it was written, as information can go out of date over time.

Read our latest news or check out other popular pages on our website:

routledge

Written by: Rebecca Routledge

Senior Content Manager

Published: 22 November 2023

More blogs on cost of living

View all
cost of living

Key money dates for March 2025

Here’s what’s coming up, so you can plan ahead

Read more
cost of living

24m people in the UK below minimum income standard

MIS is the income needed to afford the basics

Read more
Inflation goes up to 3%
cost of living

Inflation goes up to 3%

Increase in prices higher than economists had predicted.

Read more
Average Customer Rating:
4.9/5
Independent Service Rating based on 10777 verified reviews. Read all reviews