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Britain stuck at bottom of G7 for total investment
UK’s total investment at 18.6% of GDP ranks lowest in G7 as private investment stalls despite public sector boosts, with business groups warning of worsening conditions.
- Data cited by the OECD and ONS for the three months to September showed the UK had the lowest G7 investment rate at 18.6 per cent of GDP, compared to Japan's 27 per cent and Germany's 20 per cent.
- Longstanding trends show the UK lagging since the 1990s, and ministers promised large infrastructure spending; the national wealth fund has delivered 3.9 billion of investments, leveraging more than 5 billion in private investment and creating nearly 12,000 new jobs.
- Private investment has not risen as promised, with firms scaling back projects, while the government statement said it has over �120 billion more in capital investment and changed fiscal rules to prioritise investment alongside private sector investors.
- Business groups warned the picture could worsen in April when budget measures effective in April raise business rates and living wages, while Labour MPs pressed the chancellor as Sir Mel Stride said `should be ringing alarm bells in Downing Street`.
- Rising pressure on investment and growth has prompted calls for clear government action at the spring forecast, while government insiders note the UK was the joint fastest-growing G7 economy this year.
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UK Lags G7 in Investment as Reeves Faces Criticism
Rachel Reeves, the UK’s Chancellor of the Exchequer, is under intense scrutiny following the release of new figures that highlight the country’s lagging investment performance. The data, which places the UK at the bottom of the G7 nations in terms of total investment as a percentage of GDP, has sparked a wave of criticism aimed at Reeves and the Labour government. The figures… Source
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Total News Sources10
Leaning Left2Leaning Right2Center1Last UpdatedBias Distribution40% Left, 40% Right
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
40% Right
L 40%
C 20%
R 40%
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