Poor skills and political instability are holding back investment in the UK

Economists report to MPs

Too little investment, especially in upskilling the British population, combined with an ever-changing industrial strategy and political instability, is holding back investments in the UK, economists have told MPs.

The criticisms came in response to questions from MPs on the Treasury committee on whether the government's ‘plan for growth', as laid out in the Spring Budget, would actually improve productivity and attract business investment. Torsten Bell, chief executive of The Resolution Foundation, told MPs the government should be "very concerned" and "very disappointed" with the level of business investment it has encouraged since 2016, and suggested the latest Budget would do little to help. Ten key takeaways from the 2023 Spring Budget He criticised five major changes to the corporation ...