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 - in 2022.
However, incomplete data suggests that the UK's economy may have overtaken Canada in the G7 rankings in 2023. Read more from business:China targets EU pork as threat of trade war escalatesParty supplies retailer Wonder on the brinkRetailers accused of keeping fuel prices high The IPPR said that the last time the UK had an 'average' level of investment among G7 nations was in 1990. Since then the UK has been below average.