UK should double public investment to boost long-run growth: Think tank

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NIESR forecasts Britain's economy will only grow by 1.1 per cent this year and does not expect annual growth to exceed 1.

Asked if Labour had a chance of meeting this goal, NIESR Deputy Director Stephen Millard said no.

Growth in output per head in Britain has lagged behind other advanced economies since the 2008-09 financial crisis.

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Category: BusinessFinance

Markets: IndiaChad

Topics: Public investment UK govt Public investments UK economy UK economic growth UK

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 08:51:05 (12 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 18 lines

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Copyright Owner: © Business Standard

News ID: 21964452

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