The UK has the lowest rates of investment of any other country in the G7,
according to analysis by the Institute for Public Policy Research (IPPR).
It found that, compared to the USA, Germany, France, Italy, Canada and Japan, the
UK was in last place for business investment in 2022.
The IPPR also revealed that the UK has been bottom of the G7 league for
investment in 24 out of the last 30 years. It said that the UK has the lowest
rates of investment of any G7 economy, and that it ranks 28th out of 31
Organisation for Economic Co-operation and Development (OECD) countries for
business investment.
According to the IPPR, countries such as Hungary, Slovenia and Latvia attract
higher levels of private sector investment than the UK as a percentage of GDP.
Dr George Dibb, Associate Director for Economic Policy at the IPPR, said:
'If the economy is an engine, then investment is its fuel. The UK's dire
productivity performance is the single biggest driver of our dire living
standards. Without resources flowing into new investment, it's hard to see
how UK economic performance can improve.'
Internet link: IPPR