Data published by think tank the Institute for Public Policy Research (IPPR) has found that the UK’s investment performance is worse than every other country in the G7.
It found that, compared to the USA, Germany, France, Italy, Canada and Japan, the UK ‘languished’ 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, commented: ‘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.’
27/06/2024
View all >
01/06/2026
Approved Mileage Allowance Payments (AMAPs), Mileage Allowance Relief (MAR) and self-employed mileage
The government has announced increases to AMAPs, MAR and self-employed mileage rates, which will be backdated to 6 April 2026. This is the first uprating of the mileage rates in 15 years.
READ MORE
Crime against business putting growth at risk
Decisive action is needed to tackle the ‘hidden threat’ of crime against businesses damaging growth, according to the British Chambers of Commerce (BCC).
Temporary reduced rate of VAT for children's meals, tickets and family attractions
The government is helping families this summer with the cost-of-living crisis by cutting VAT on attractions and meals out.
Sign up to keep in touch to receive our latest news and industry updates.
* *
Yes, I would like to receive email updates providing me with the latest finance news, advice guides and details of future events.