A new report highlights the significant economic benefits of increasing access to disability benefits, showing that the wellbeing boost of £42 billion outweighs the £28 billion annual cost of administering Personal Independence Payment (PIP) and Disability Living Allowance (DLA). The research, titled More than Money: The Lifelong Wellbeing Impact of Disability Benefits, was commissioned by anti-poverty charity Z2K and conducted by think-tank Pro Bono Economics (PBE).

The report finds that many eligible disabled individuals are deterred from applying for these benefits due to barriers in the claims process, leading to poorer financial and health outcomes. Increased access to disability benefits, however, could significantly improve their wellbeing, valued at £12,300 annually per person. The findings suggest that, with over 3.5 million disabled individuals currently receiving benefits, this improvement could result in a £42 billion boost to the economy.

Matt Whittaker, CEO of Pro Bono Economics, emphasised that disability benefits provide vital financial support and enhance the mental wellbeing and life satisfaction of recipients. He called for reforms to simplify the claims process and make it more accessible to eligible individuals.

The report urges policymakers to focus on reducing barriers to accessing benefits and improving the support for applicants. Ayla Ozmen of Z2K stated that disability benefits should be seen as an investment in economic growth, rather than a financial burden.