What is clear is that, overall, investment spending of all kinds has been squeezed over the last decade. Under the last Labour government, capital spending as a proportion of the size of the economy, or GDP, rose from 0.3% in 1997 to 3% in 2010. Since then, however, it has fallen back to an average of 2% where it is set to remain.
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Two million could see energy cut off this winter, charity warns
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In one example, a family made up of a couple with two children under the age of 14 in...
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Lockdown lessons: The firms adapting and thriving
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Lockdown: ‘I’ve borrowed £4m just to remain closed’
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Royal Mail: What’s gone wrong at the company?
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But it is not just in Cheshire that Royal Mail is struggling to deliver. Second class letters, which now...
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‘Mad rush’ to buy homes faded in April
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Sam Mitchell, chief executive of online estate agent Strike, said: “After the mad rush in March to complete and...
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Spending review: Chancellor warns of ‘lasting’ damage to UK economy
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Biden says White House co-operation ‘sincere’ The president-elect describes the Trump administration’s help with the transition as not “begrudging”.
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‘I feel manipulated’: The ‘debt help’ ads targeting struggling mums
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She says she answered some questions from Mums in Debt on Facebook Messenger and a representative gave her a...
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Mortgage affordability test scrapped by Bank of England
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“The change in the affordability rules may not be as significant as it sounds as the loan-to-income ‘flow limit’...
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M&S says recovery plan boosting sales and profits
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“Following the Euro 2020 related boost in June, retail sales fell in July to their lowest level since shops...
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