UK's Investment Levels Lag Behind G7 Nations for Decades
Think tank analysis reveals UK's long-term underperformance in business and public sector investment, calling for strategic reforms to boost growth.
- The UK has had the lowest investment levels among G7 countries for 24 of the past 30 years.
- Investment by UK businesses and government is significantly lower compared to international peers, impacting productivity and living standards.
- The Institute for Public Policy Research (IPPR) recommends a comprehensive industrial strategy to enhance investment and economic stability.
- Both Labour and Conservative parties face criticism for planning to reduce public investment despite election promises to grow the economy.
- Factors such as Brexit, political uncertainty, and over-reliance on the services sector contribute to the UK's investment challenges.