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£26bn cost of mental health

An estimated one in four Londoners will experience a mental health condition. Credit: David Cheskin/PA Wire

The scale of mental ill health in London is costing the capital around £26 billion a year, according to a new report.

An estimated one in four Londoners will experience a mental health condition.

According to a Department of Health report, the impact of mental ill health is greater than cancer and cardiovascular disease.

It represents around 22.8% of the total, compared to 15.9% and 16.2% respectively. Close to £7.5 billion is spent each year to address mental ill health in London.

This includes spending on health and social care to treat illness and costs to education services and the criminal justice system.

However, a total £26 billion is lost to London each year through such issues as reduced quality of life and productivity.