£563bn 'underinvestment' sees UK lag rivals on growth

IPPR report

Decades of underinvestment in business totalling £562.7bn has left the UK trailing rival countries and stuck in low growth, according to analysis by Institute for Public Policy Research.

Business investment has been lower in the UK than any other country in the G7, with the UK ranking 27th for business investment among the 30 OECD countries the IPPR holds data for, only beating Poland, Luxembourg and Greece.  The UK has invested below the G7 average for the private sector since 2005, the think tank said. By the IPPR's calculations, this meant the private sector has failed to invest an additional £354.3bn in real terms into the UK.  If public sector investment had matched the level of the G7 median, the UK Government would have invested an additional £208.4bn between 2...