Business investment in UK ‘rock bottom’ of G7 nations for third year in a row

The UK had the lowest rates of business investment out of all G7 nations for a third year in a row, a new report has claimed. The economies of the US, Canada, France, Germany, Italy and Japan are all said to have attracted higher levels of funding from the private sector – as a percentage of gross domestic product (GDP) – in 2022. The Institute for Public Policy Research (IPPR), which carried out the research, said the ranking was important because investment in things like new factories, equipment and innovations helped boost economic activity, wages and household incomes. Dr George…