For too long, the UK economy has suffered from chronic underinvestment. Had the economy matched its global peers over this period, nearly £2 trillion more would have been available to build hospitals, schools, factories and clean energy. Underinvestment weighs on growth and lowers wages. The UK has fallen second-last for GDP and productivity growth in the G7, and is bottom of the pile on average real income growth since the financial crisis. The clean energy transition, the AI revolution, and the reshaping of global trade will each require enormous

Source: The Times October 10, 2024 20:04 UTC