Dozens of economists have warned that Labour and the Conservatives have failed to offer a “serious plan” to invest in the economy, which they said is “a recipe for further stagnation”., 65 economic experts called on Sir Keir Starmer and Rishi Sunak to explain whether and how they wouldto the capital investment made by the state and provide “fuel for growth”.
The group of economists, co-ordinated by a new campaign, Invest in Britain, warned: “The UK has consistently seen some of the lowest levels of public investment in the G7, and has been well below the OECD average for public investment. The International Monetary Fund, usually known for its caution on public spending, has called for greater state investment in sectors such as transport, health, communications and energy, arguing that more cash from the Treasury can end up encouraging private firms to invest too.: “The UK economy is stuck in a doom loop of low investment, low growth, and falling living standards. The cause is clear: for decades we have not been investing enough in our collective future.
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Source: i newspaper - 🏆 8. / 89 Read more »