The Labour government will have to raise public investment by £27 billion to draw in private sector capital and reanimate economic growth, a report has claimed. Private businesses in the UK typically invest £3.12 for every £1 of government capital spending, 47 per cent less than firms in France and 57 per cent lower than those in Germany. It also contrasts with 1997 when British businesses spent £5 for every £1 the public sector invested, according to research by Demos, … read more »
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