UK Requires £1 Trillion Investment to Boost Economic Growth
A new report outlines the need for significant capital to revitalize key sectors and achieve a 3% annual growth rate.
- The Capital Markets Industry Taskforce calls for £100 billion annually over the next decade.
- Key investment areas include energy, housing, and venture capital.
- The UK lags behind the US in economic growth and capital market development.
- Reallocating £6 trillion from pensions and insurance is proposed to fund the investment.
- Government incentives and regulatory changes are recommended to attract investors.