Decades of underinvestment by government and business have left Britain's economy in a growth "doom loop," according to center-left think tank IPPR.
Decades of underinvestment by the government and businesses have left Britain's economy in a growth "doom loop," according to the U.K.'s Institute for Public Policy Research.
New research from center-left think tank estimates that the U.K. has contributed $500 billion ($638 billion) less to business investments than did other comparable wealthy countries.
The IPPR said that U.K. underinvestment in infrastructure, research and development, skills and training had spanned several decades and successive governments, dating back to 2005.
"The U.K. is in an investment and growth doom loop.
Persons:
Luke Murphy, —, IPPR, George Dibb, pare
Organizations:
for Public Policy Research, OECD, IMD, CNBC, Conservative Party, International Monetary, Biden, Labour Party —, Tories
Locations:
Poland, Luxembourg, Greece, IPPR