*with information from the London Mathematical Society
The London Mathematical Society highlighted on its website a study by the Academy of the Mathematical Sciences (AcadMathSci), published on October 22, which reveals the significant contribution of mathematical sciences to the UK economy in 2023. According to the report, these sciences generated an impressive £495 billion annually, underscoring their growing importance in the modern economy.
The study also noted that in 2023, approximately 4.2 million people were directly employed in mathematical sciences-related occupations, representing 13% of all jobs in the UK. These professionals work in fields such as engineering, computer programming, financial analysis, statistics, and actuarial science, showcasing the wide application of mathematical skills in sectors like finance, insurance, technology, healthcare, and education.
Additionally, the report revealed that workers in these areas have economic productivity 58% higher than the national average and earn, on average, 24% more in salaries. These findings update a 2013 study conducted by Deloitte and highlight the vital role of mathematical sciences in strengthening the UK economy.
The full report is available at acadmathsci.org.uk/publications/mathsci-supercharges-uk-econ-growth.
AcadMathSci’s Future Projects
The president of the Academy of the Mathematical Sciences, Professor Alison Etheridge, also detailed recent initiatives undertaken by the institution. Among these is the preparation of a response to the government’s Curriculum and Assessment Review, as well as collaboration with Scottish experts to evaluate and enhance the mathematics curriculum in Scotland.
Another ongoing project is the establishment of a Fellowship to recognize excellence across the mathematical sciences community. Fellows will commit to contributing to the Academy's work, thereby amplifying the impact of mathematical expertise on public policy and civil society.