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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Rishi Sunak extends furlough scheme for another month
admin, , Business, 0
Furlough extension buys time as vaccine is rolled out
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Fujitsu: MPs seek details on public sector contracts with IT firm
admin, , Business, 0
The letter, which calls for a reply within a fortnight, asks about the value of any contracts, whether they...
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Rail passengers told to avoid travel in heatwave
admin, , Business, 0
Jac Starr, chief executive of the Rail Delivery Group, said: “During hot weather, it’s really important to carry water...
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Homebase to put mini-garden centres at Next stores
admin, , Business, 0
So the chain is making space at its stores in Shoreham, Ipswich, Warrington, Camberley, Bristol and Sheffield, for garden...
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Marmite and PG Tips maker Unilever warns of price rises
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Consumer goods giant Unilever says high rates of cost inflation will continue into next year.
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‘Disappointed’ travel chiefs seek clarity from PM
admin, , Business, 0
Tim Alderslade, chief executive of Airlines UK, said: “Whilst we support the establishment of a framework for restarting international...
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Pension scandal: ‘I’ve lost 14 years of payments’
admin, , Business, 0
“I should be getting 60% of my husband’s basic pension. I am receiving just over £38 a week, but...
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Dutch to restrict chip equipment exports amid US pressure
admin, , Business, 0
“The uncontrolled export of goods and technologies therefore potentially poses national security risks,” she added. “The Netherlands bears an...
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