The chancellor will need to spend an extra £20bn by the end of the parliament to maintain public investment at its present levels. Rachel Reeves has promised to unveil a 'budget for investment' next week, while reversing the 'years of underinvestment' overseen by the previous Conservative government. However, this would involve taking on billions of pounds of fresh debt if, as is widely expected, the government chooses to borrow more to invest.
Dr George Dibb, associate director at IPPR, said: 'The UK has had chronically low levels of public investment since the 1970s, this has left us with crumbling infrastructure, out-of-date technology in our public services and undermined the foundations of our economy. 'Compared to other G7 economies we've never even been average.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
TfL: Mayor of London Sadiq Khan to call for government investmentSadiq Khan wants to secure funding for a number of transport projects from the new government.
Källa: BBCLondonNews - 🏆 115. / 51 Läs mer »
Government had 'conversation' with P&O Ferries owner after minister's criticism 'put £1bn investment under review'The government had to 'have a conversation' in order to secure the landmark DP World investment announcement that was derailed by comments from the transport secretary.
Källa: SkyNews - 🏆 35. / 67 Läs mer »
Lisa Nandy says government 'seriously' eyeing rail investment increase in northIt comes after a report in The Times suggested a HS2-light' railway line could be built between Birmingham and Crewe
Källa: MENnewsdesk - 🏆 23. / 69 Läs mer »
Musk snubbed by UK Government as he’s missed off invite list for investment summitThe Government confirmed over the weekend that executives at Google, Wayve and Brookfield Asset Management will be speaking at next week's event
Källa: i newspaper - 🏆 8. / 89 Läs mer »
Chief executives praise Labour's plans after investment summitOne CEO said when capitalism 'smells an opportunity, the money will run towards it - but likewise, when it smells a problem, it runs away'.
Källa: SkyNews - 🏆 35. / 67 Läs mer »