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The one fact that should inform Sunak’s Spending Review more than any other

The relationship between health and wealth is not what you might think

By Anita Charlesworth  

Photo: David Cliff/NurPhoto/PA Images

“The first wealth is health,” essayist Ralph Waldo Emerson wrote in 1860.

There’s no doubting the impact Covid-19 has wrought on the nation’s health and economy. By early November, the 2020 death toll in England and Wales was almost 60,000 higher than the average number of deaths annually over the last five years. The Office for Budget Responsibility has said the country is facing the “largest decline in annual GDP for 300 years.”

On Wednesday, against that background, Chancellor Rishi Sunak will set out…

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