Investment down 21.8%
A timely reminder on the state of investment in the UK comes from the ONS this morning.
Business investment for the second quarter of 2009 is estimated to be 10.2 per cent lower than the previous quarter and 21.8 per cent lower than the same period last year.
I continue to be amazed that collapse in investment is not being debated whilst the size of the deficit is. The real threat to Britain’s economic future is a lack of investment, not increased public debt.