Mental Health Awareness Week 2021: Learning to Speak Out

The coronavirus pandemic has affected all corners of society by causing millions of deaths, a crumbling economy and altering all of our livelihoods in the process. 5% of the UK population were out of work in the last few months of 2020 (expected to rise to 6.8% in 2021), resulting in the number of people suffering with mental health issues exponentially increasing. Unsurprisingly, this has directly impacted a rise in those seeking mental health services.

According to the mental health charity Mind, more than half of adults and over two thirds of young people in the UK stated that their mental health has gotten worse during the first lockdown period (April to mid-May 2020). As well as this, nearly three quarters (73%) of those with pre-existing mental conditions such as eating disorders, PTSD or OCD said that their mental health condition worsened during the pandemic. Suicide rates are usually hard to predict due to the time it takes to register them, but researchers predict that these will also see a huge rise.

These alarming statistics highlight just how important mental wellbeing is, especially during an unprecedented time where so much is at risk. With Mental Health Awareness Week taking place between 10th-16th May 2021, Strategic Consultancy Director of Nordens Chartered Accountants, Joe Sword, shares his insight on the current state of mental health, what more can be done and why the stigma around mental health still remains.

The State of Play

Currently, it’s fair to say that the world is experiencing an acute level of trauma and chaos. This quite obviously can lead to a rise in mental health suffering, as proven by the experiences of people suffering from regular traumatic situations such as abuse or war. One of the main causes of anxiety and depression during the pandemic has been financial worries. In May 2020, the Office of National Statistics (ONS) stated that, ‘Anxiety levels were highest among an estimated 8.6 million people whose income fell’. With unemployment rates now considerably higher and are still expected to escalate, anxiety and depression is also anticipated to see a correlated increase.

Joe explains, “I know from my own experiences, getting something off my chest immediately calms me, despite the challenge of bringing myself to open up and speak up in the first place. When you do speak up, you quickly realise that there are a lot of people around you that actually want to help and support you. The mind is one of your (and probably your biggest), assets, so you need to look after it. Right now, we are all being pushed and challenged in ways we’d have never contemplated. For a lot of us this is in relation to finance and income, which of course heavily adds to the strain.” 

Truthfully, whilst regrowth is one of the major priorities of the UK government, the economy isn’t likely to return to pre-COVID levels for a few years at the least. This makes it assumable that despite the pandemic potentially ending soon with the mass vaccine rollout, mental health issues are still likely to persist for the foreseeable future. Joe goes on to say, “I feel like people are saying the right things and putting the right messages out there. As the population are taking positive steps, businesses and therefore people in general are more aware than ever of mental health and its impacts, but we cannot slow down once the pandemic comes to a close. We all need to keep pushing and encouraging people to speak up, making everyone feel as comfortable as possible when doing so. Whilst mental health has suffered drastically during the past year, the focus and spotlight on it has been beneficial and can only lead to more acknowledgment, acceptance and healing.”

Ways to Combat Negativity & Progress Positively

Encountering what relieves some of the stress can be a vital step in controlling your thoughts and emotions. It’s essential to take a step back and view life in a meditative and calm state which helps to provide focus and the tools to thrive. This can be done in many ways and finding the right thing for you can sometimes take a period of trial and error. Once discovered though, the results can be incredibly rewarding whilst providing a new lease of life.

Joe talks us through what exactly allows him to prosper, “Regular exercise and hydration are so important in my eyes. Something simple like going for a walk can help remove yourself from the work environment and is also proven to boost creativity. Exercise can aid both mind and body as does staying hydrated. I really notice when I have not had a drink for a while as I can feel the fatigue setting in. Going to sleep dehydrated also impacts your ability to wake up fresh, so it really is so vital for me that I stay on top of this. Having a few hobbies that I practice consistently also allows me to recharge and reenergise suitably. As I develop, I can see progression which is a really positive feeling.”

Compartmentalising your thoughts on paper has also been shown to increase productivity and a positive attitude. As Joe further explains, “I find it difficult to store too many things in my head at one time, so I write things down or add them to my to do list which instantly destresses me. I look to plan ahead as much as possible as it is another way of me remaining in control of the situation. A simple to do list often works for me, and I also have learned the benefit of working on the most urgent and important task first in the day when my mind is its most fresh. Reminding yourself of all the things you are thankful for and reflecting on past achievements can act as a really strong motivator, as well as looking forward to the new experiences that lie ahead. I love my holidays and getting the chance to see and experience new places, so one thing I regularly do is book (or at least plan for) my next holiday as early as possible. That way I have something to look forward to and an end goal, which can get you excited and positive just thinking about it. It may not be travelling for you, it could be something else, but there is a value in finding and having that thing to forward to.”

Breaking the Shame

Despite the countless campaigns to seek help if needed, there is still a huge stigma connected to mental health issues. This is very apparent in the male population where three times as many men as women die by suicide, whilst men are also less likely to access psychological therapies than women (only 36% of referrals to NHS talking therapies are for men).’

These statistics highlight the age-old stereotype that men shouldn’t show feelings and must act strong and resilient. This is none more apparent than in business as Joe claims, “There is still an association with male business leaders to be seen as powerful people who can deal with any challenge or situation and not wilt under pressure or mental fatigue. Those who do struggle mentally at times are perhaps seen as weak and not worthy, which is obviously not the case. Anyone who says they do not have mental challenges are not being true to themselves.”

Furthermore, the information and education of mental health can often be inconsistent and patchy. The wide range of mental health issues often make it difficult to specifically diagnose someone with a definitive condition. Joe believes, “Aside from the misconceptions, the volatility around mental health and the way issues can manifest are often misunderstood. I really appreciate seeing people who have or have had mental health challenges share their experiences as they become relatable to others and it increases people’s understanding of the effects. Listening and understanding really are they keys that allow us to take meaningful action in the future.”

Improvement should be a priority in all aspects of public health and hopefully with the wider recognition of mental health awareness constantly growing, this will translate to a decrease of mental health sufferers and the stigma surrounding them. Talking and sharing insight is a huge step in the right direction and it promotes more awareness and conversation which can only bring about good.

If you’re experiencing any difficulties with your mental health, please don’t hesitate to contact those who can help. Here is a list of useful mental health charities which can offer you the support if needed.

Mind

Samaritans

Rethink

Sane

C.A.L.M.

We hope this has outlined some of the ways mental health impacts your professional business life and vice versa. If you’d like to know any further information on wellbeing and how Nordens can help, or anything accounting related for that matter, please do not hesitate to get in contact with us at Nordens, where one of our trusted advisors would be happy talking you through your query.

Related News & Insights

19 November 2024

How Advisory Can Help Navigate Uncertainty

Steven Brewer

15 November 2024

Cryptocurrency & Inflation: A Guide For Businesses

Nordens Partner

15 November 2024

The Power of Networking for Business Growth

Joe Sword

13 November 2024

Capital Gains Tax Update: What It Actually Means

Adam Truluck

30 October 2024

EIS And SEIS: Here To Stay

Adam Truluck

16 October 2024

Companies House Updates: The Latest

Jennifer Georgiou

09 October 2024

Recruitment Industry Round-up: September 2024

Ashlee Cooper

09 October 2024

Technology Round Up: September 2024

Nordens Partner

09 October 2024

Property & Construction Round-up: September 2024

Ashlee Cooper

09 October 2024

Professional Services Round Up: September 2024

Nordens Partner

03 September 2024

Finance, Scale, Exit: Recruitment Industry Panel

Adam Truluck

10 July 2024

FAQ: How do VAT late payment penalties work?

Maria Mousoullou

08 July 2024

Invoice Finance - All You Need To Know

Darren Hahn

19 June 2024

Reverse Charge VAT: What you NEED to know

Maria Mousoullou

07 June 2024

FAQ – Does my business need an audit?

Lorraine Curtis

03 June 2024

Company Car Tax: What you need to know

Nordens Partner

12 April 2024

Understanding a Shareholders' Agreement

Jennifer Georgiou

01 April 2024

EV Salary Sacrifice Scheme – A Gamechanger

Steven Brewer

04 March 2024

How Target Darts is Revolutionising the Game

Ashlee Cooper

19 February 2024

Why there is a tax on neurodiverse people?

Ashlee Cooper

12 February 2024

IR35 reforms continue to frustrate freelancers.

Adam Truluck

02 February 2024

A Comprehensive Guide to Registering an Overseas Entity

Jennifer Georgiou

01 February 2024

Decoding The Changes To UK's New Company Law

Jennifer Georgiou

29 January 2024

Business Success Series: Mindset

Joe Sword

10 January 2024

Unveiling the winners of our 2023 End-of-Year Awards

Panayiota Viglas

20 December 2023

Rebel: 30 Years Of London Fashion

Mark Norden

08 December 2023

Setting up a Limited company as a Freelancer

Nordens Partner

05 December 2023

Official Diagnosis: Imposter Syndrome

Ashlee Cooper

29 November 2023

Finalists: Culture Pioneers Award 2023

Mitch Hahn

16 November 2023

Save more as a couple with the Marriage Allowance

Adrian Williams

09 November 2023

The Autumn Statement – What to Expect?

Adam Truluck

01 November 2023

Weathering the SME Insolvency Storm in the UK

Mitch Hahn

30 October 2023

Is Financial Management Key for Law Firm Expansion?

Panayiota Viglas

27 October 2023

Tailoring Management Accounts for Law Firms

Panayiota Viglas

23 October 2023

Ensuring Solicitor Firm Success in SRA Audits

Lorraine Curtis

20 October 2023

The Benefits of Outsourcing to an Accountancy Firm

Nordens Partner

16 October 2023

Why Do Legal Pros Need Strategic Tax Planning?

Adam Truluck

26 September 2023

Should Capital Gains Be Aligned With Income Tax?

Adam Truluck

19 September 2023

How Advisory Can Help Turn Your Business Greener

Steven Brewer

11 August 2023

Lewis & Co Join Nordens

Mitch Hahn

26 July 2023

How AI Can Transform Your Business

Mitch Hahn

25 May 2023

How To Succession Plan In Your Business

Nordens Partner

12 May 2023

An Insight Into Selling Your Business

Nordens Partner

27 April 2023

5 Ways How Businesses Can Improve Their Cashflow

Nordens Partner

06 April 2023

What Are The Changes To Pensions In 2023?

Adam Truluck

22 March 2023

Director’s Loan Accounts – What Are They?

Nordens Partner

15 March 2023

The Spring Budget 2023 In A Nutshell

Adam Truluck

24 February 2023

The Benefits Of On The Go Bookkeeping

Balraj Bajwa

10 February 2023

Influence Your Accounting With Stevo The Madman

Nordens Partner

31 January 2023

The CIS & Handing Over Responsibilities

Stacey Carr

27 January 2023

The 5 Benefits Of Outsourcing An Accountant

Mitch Hahn

23 January 2023

Influence Your Accounting With Victoria Winterford

Nordens Partner

07 December 2022

The New VAT Penalty System – All You Need To Know

Maria Mousoullou

05 December 2022

The Importance Of Filing A Confirmation Statement

Nordens Partner

28 November 2022

The Super-Deduction Scheme - Ending On 31st March 2023

Panayiota Viglas

28 November 2022

Tax Scams – How To Identify & Report Them

Adam Truluck

17 November 2022

The Autumn Budget 2022 Recap

Adam Truluck

02 November 2022

Lorraine Curtis on The Challenges Facing Auditing

Lorraine Curtis

26 October 2022

How Will The New PM Rishi Sunak Affect You?

Mitch Hahn

20 October 2022

Renewable Energy – Is It The Solution?

Steven Brewer

14 October 2022

Another U-Turn - Corporation Tax

Adam Truluck

05 October 2022

Making Tax Digital Is Changing Again

Adam Truluck

29 September 2022

Changes to IR35 & Off Payroll Working

Adam Truluck

27 September 2022

The EIS & SEIS Process – A Case Study

Adam Truluck

23 September 2022

The Mini-Budget in a Nutshell

Mitch Hahn

08 September 2022

The New Register Of Overseas Entities – What Is It?

Nordens Partner

07 September 2022

The Next Prime Minister – What To Expect?

Mitch Hahn

06 September 2022

Virtual FD Boosts Businesses - Case Study

Hollie Watson

01 September 2022

CGT Changes For Divorcing Couples

Adam Truluck

18 August 2022

Nordens Spotlight - Every Child Online

Nordens Partner

05 August 2022

13% Inflation & Increased Interest Rates

Mitch Hahn

27 July 2022

The Commonwealth Games - Nordens Joins In

Nordens Partner

19 July 2022

The Great Resignation's Lasting Impact

Nordens Partner

04 July 2022

Branching Out – How Franchises Work

Nordens Partner

29 June 2022

How To Register Your Business as a Company

Nordens Partner

20 June 2022

Streamlining Your Outgoings - Payment Runs

Hollie Watson

10 June 2022

A Message From Our CEO, Mitch Hahn

Mitch Hahn

27 May 2022

Have You Seen Our New Website?

Nordens Partner

25 May 2022

Financial Support For The Elderly

Paula Webb

18 May 2022

Business Credit Rating Score

Nordens Partner

26 April 2022

The Importance Of Pricing Structures & Delegation

Panayiota Viglas

28 February 2022

Back To Normality? – All You Need To Know

Mitch Hahn

18 February 2022

Why LCE Audits Are So Important For Businesses?

Lorraine Curtis

07 February 2022

The Future Of Insolvency

Joe Sword

14 December 2021

Securing Funding To Grow Your Business

Nordens Partner

02 December 2021

What Grants Are Available For My Business?

Darren Hahn

01 December 2021

Friends Of Essex & London Homeless Charity

Mitch Hahn

19 November 2021

5 Areas Of The Construction Industry To Improve

Hollie Watson

19 November 2021

The Construction Industry Scheme (CIS)

Mitch Hahn

12 November 2021

Stepping Away From Your Business?

Joe Sword

08 November 2021

The Recovery Loan Scheme & Another Extension

Darren Hahn

05 November 2021

The Future Of SMEs – We Want To Know!

Mitch Hahn

28 October 2021

Cryptocurrency and How To Account For It

Nordens Partner

21 October 2021

Elliott Winner: How Brexit Is Affecting Service

Nordens Partner

20 October 2021

Joe Sword: How To Navigate An Unstable Economy

Nordens Partner

13 October 2021

The Autumn 2021 Budget Predictions

Adam Truluck

12 October 2021

The Global Minimum Corporate Tax Rate

Adam Truluck

08 October 2021

Making Tax Digital - All You Need To Know

Adam Truluck

29 September 2021

Furlough and What Needs To Be Considered

Joe Sword

29 September 2021

How The Fuel Crisis Could Affect Your Business

Adam Truluck

24 September 2021

What Makes A Good and Dependable Leader?

Joe Sword

10 September 2021

Are You A Fashion Entrepreneur In The Making?

Nordens Partner

09 September 2021

When Is The Best Time To Recruit For Your Business?

Sharon Brooks

06 September 2021

The New VAT Rate For Hospitality Businesses

Maria Mousoullou

03 September 2021

Why Protecting Your Business Is As Important As Ever

Nordens Partner

25 August 2021

Benefits of a Virtual Finance Director (VFD)

Nordens Partner

06 August 2021

Impacts of Furlough Ending

Hayley Mason

05 August 2021

Planning For Your Children’s Future

Nordens Partner

04 August 2021

Benefits of the Research & Development Relief

Adam Truluck

19 July 2021

The Importance of Business Insurance

Darren Hahn

01 July 2021

A Year On: The Furlough Scheme

Hayley Mason

28 June 2021

Understanding the EU Settlement Scheme

Darren Hahn

25 June 2021

How to Structure For Growth

Joe Sword

25 June 2021

The Tax-Free Childcare Scheme

Adam Truluck

17 June 2021

Investment Schemes For Start-ups

Joe Sword

16 June 2021

A Year On: The CBILS & Repayments

Darren Hahn

10 June 2021

The High-Income Child Benefit Tax Charge

Adam Truluck

24 May 2021

The Help To Grow: Management Scheme

Darren Hahn

14 May 2021

The Third Step Out Of Lockdown

Mitch Hahn

06 May 2021

Articles Of Association: How To Submit

Nordens Partner

27 April 2021

The Introduction of The Fourth SEISS Grant

Darren Hahn

22 January 2021

Brexit - What To Expect For Businesses

Mitch Hahn

21 December 2020

New Year, New Business Goals

Mitch Hahn

11 December 2020

VAT Brexit Changes - All You Need To Know

Adam Truluck

08 December 2020

Deferring Tax Due in January

Adam Truluck

08 December 2020

Nudging To Correct Your Tax Return

Adam Truluck

01 December 2020

Tax Crunch Expected In 2021 - What Will Happen?

Adam Truluck

06 November 2020

Another Furlough Extension Until March 2021

Sharon Brooks

02 November 2020

Extended Furlough And All Government Updates

Darren Hahn

23 October 2020

Latest Government Updates

Darren Hahn

16 October 2020

Working From Home Could Land You A Tax Bill

Adam Truluck

13 October 2020

Government Announces New Support Measures

Darren Hahn

09 October 2020

Don't Miss Out On Tax Relief Allowances

Adam Truluck

06 October 2020

The Importance Of Taking A Break

Mitch Hahn

25 September 2020

Chancellor's Winter Economy Plan

Darren Hahn

22 September 2020

Make Sure Your Business Is Ready

Joe Sword

15 September 2020

IR35 Preparation

Adam Truluck

08 September 2020

What Is My Business Worth? Valuing Your Business

Darren Hahn

02 September 2020

Recession Proof Your Business

Darren Hahn

20 August 2020

CBILS Extension

Darren Hahn

18 August 2020

Second Self Employed Grant Claims NOW LIVE

Adam Truluck

14 August 2020

Job Retention Scheme Bonus

Adam Truluck

05 August 2020

What is New With Furlough?

Sharon Brooks

31 July 2020

Save Your Business From Failure

Darren Hahn

24 July 2020

Free Receipt Bank For All

Adam Truluck

23 June 2020

An Introduction To Nordens HR

Sharon Brooks

16 June 2020

LATEST Furlough Changes

Hayley Mason

04 May 2020

Bounce Back Loan

Darren Hahn

16 April 2020

Furlough At Our Cost And Update From HMRC

Darren Hahn

03 April 2020

Emergency Business Loan Scheme Revamped

Darren Hahn

02 April 2020

Job Retention Scheme (Furlough)

Hayley Mason

31 March 2020

Self Assessment Tax Payments 2019/20

Adam Truluck

03 March 2020

Budget Predictions 2020. Are You Ready?

Adam Truluck

25 February 2020

Accounting2You - An Introduction

Hollie Watson

18 February 2020

Corporate International: Global Awards 2020

Olga Wilson

12 February 2020

IR35 Changes - The Complete Guide

Adam Truluck

04 February 2020

What Is Payroll? Get The Full Details (2020)

Hayley Mason

06 January 2020

20 ways to save tax in the ‘20s

Adam Truluck

19 December 2019

Raising funds for our Charity of the Year

Mitch Hahn

09 December 2019

8 ways to finance your business

Darren Hahn

29 October 2019

Nordens' first annual conference

Nordens Partner

14 October 2019

How to quadruple your business’ worth

Darren Hahn

27 September 2019

How we saved one company 43 days a year!

Darren Hahn

21 September 2019

Get ready for changes to the IR35 rules

Adam Truluck

30 August 2019

How to smooth a turbulent cashflow

Darren Hahn

26 August 2019

Find A Business Mentor

Joe Sword

26 August 2019

The Business Coaching Process

Joe Sword

22 August 2019

What does a business coach do?

Joe Sword

22 August 2019

What is business coaching?

Joe Sword

17 August 2019

Can you claim the employment allowance?

Adam Truluck

28 June 2019

Two more awards up for grabs

Mitch Hahn

13 June 2019

Refer a friend and earn up to £1000!

Mitch Hahn

28 May 2019

Some common issues with VAT registration

Nordens Partner

28 May 2019

Brexit - Why Britain has never had it so good

Nordens Partner

28 May 2019

Brand new look and feel for Nordens!

Mitch Hahn

28 May 2019

VAT, Brexit and where you'll stand

Adam Truluck

28 May 2019

Don't get struck off by Companies House

Olga Wilson

28 May 2019

Business by Design

Darren Hahn

28 May 2019

Maximise value before sale

Joe Sword

28 May 2019

Hire For Culture, Train For Skills

Sharon Brooks

28 May 2019

Autumn Budget - Tax Briefing

Adam Truluck

28 May 2019

VAT, Making Tax Digital (MTD) and fraud

Adam Truluck

28 May 2019

Give Your Business Direction

Olga Wilson

28 May 2019

Importance of Marketing

Nordens Partner

28 May 2019

Plan For Future Business Success

Darren Hahn

28 May 2019

VAT risks associated with family trading

Adam Truluck

28 May 2019

Congratulations to James Fowler ACA

Mitch Hahn

28 May 2019

Successful Dragons' Den Candidates

Mitch Hahn

28 May 2019

The New Finance Bill

Adam Truluck

28 May 2019

Mentoring for business growth

Paula Webb

28 May 2019

With the best of intentions…

Mitch Hahn

28 May 2019

Congratulations to Selen Mertdjan ACCA

Panayiota Viglas

28 May 2019

Why you need a partnership agreement

Paula Webb

28 May 2019

Tax refunds: HMRC policy changes

Adam Truluck

28 May 2019

Why we love our super-smart telephone system

Nordens Partner

28 May 2019

Let Property Disclosure

Adam Truluck

28 May 2019

Are you a visionary or a two-percenter?

Darren Hahn

28 May 2019

Business forecasting: how can it help?

Darren Hahn

28 May 2019

Tax help for older people

Adam Truluck

28 May 2019

Business Factor update!

Mitch Hahn

28 May 2019

Mentoring For Growth

Joe Sword

28 May 2019

The Power of the Team Survey

Darren Hahn

28 May 2019

The three categories of succession planning

Nordens Partner

28 May 2019

New Registered Audit division for Nordens

Lorraine Curtis

28 May 2019

We're on our way to raising £10k for charity

Nordens Partner

28 May 2019

Don't get caught out by scam texts

Nordens Partner

28 May 2019

Visit us at the Restaurant Show!

Nordens Partner

28 May 2019

Are you suffering from neophobia?

Nordens Partner

28 May 2019

What does the Audit Team do?

Lorraine Curtis

28 May 2019

The 2018 Accounting Excellence Awards

Nordens Partner

28 May 2019

Team motivation and celebration

Nordens Partner

28 May 2019

For anyone who has a student loan...

Nordens Partner

28 May 2019

Budget highlights

Nordens Partner

28 May 2019

Tis the season to be jolly don’t you know

Nordens Partner

28 May 2019

Ron Weasley in tax battle with HMRC

Nordens Partner

28 May 2019

The taxman called and it cost me thousands

Nordens Partner

28 May 2019

Make it happen in 2019

Nordens Partner

28 May 2019

Your VAT queries answered

Nordens Partner

28 May 2019

A simple guide to creating habits

Nordens Partner

28 May 2019

New HMRC guidance for directors’ returns

Nordens Partner

28 May 2019

We beat HMRC's record!

Nordens Partner

28 May 2019

The latest bogus calls claiming to be HMRC

Nordens Partner

28 May 2019

Seven things we can learn from Olivia Colman

Nordens Partner

28 May 2019

Lord Seb Coe - a visionary leader

Nordens Partner

28 May 2019

Insurance for Contractors and Freelancers

Nordens Partner

28 May 2019

What businesses need to do in a recession

Nordens Partner

28 May 2019

What’s your breakeven point?

Nordens Partner

28 May 2019

Your VAT queries answered

Nordens Partner

28 May 2019

Is your finger on the pulse of pricing?

Nordens Partner

28 May 2019

Working parents: reduce your childcare costs!

Nordens Partner

28 May 2019

Why is there VAT on school uniforms?

Nordens Partner

01 February 2019

Distance Selling: another VAT win for Sports Direct

Nordens Partner

28 January 2019

Climb your mountain, achieve your goals

Nordens Partner

27 January 2019

Capital Gains tax hike and the accidental landlord

Nordens Partner