Story perspectives
UK Heatwaves Cost £4.4bn; Verdant Proposes Levy-Funded Insurance
8/12/2026
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Story summary
- The United Kingdom lost about £4.4 billion in output this summer due to heatwaves, Verdant reports.
- More than 2,700 heat-related deaths occurred in England and Wales during the May-June heatwaves, with Verdant projecting losses could exceed £25 billion by 2030.
- Verdant proposes a heat-insurance scheme funded by an Extreme Weather Levy on fossil-fuel firms and a legal maximum working temperature.
