Britain has lagged behind all other major developed countries in terms of economic investment for 24 of the last 30 years, which has had terrible consequences for labor productivity and living standards, Bloomberg states.

The British economy would have received 1.9 trillion pounds in real terms, according to the Institute for Public Policy Research (IPPR), if investments from private companies and the government had remained at the average G7 level over the past three decades.

“The terrible productivity figures in Britain are the main driving force behind our terrible standard of living. Without resources directed into new investments, it is difficult to imagine how Britain’s economic performance can improve,” said IPPR spokesman George Dibb.

Britain ranked 28th out of 31 OECD members in business sector investment in 2022. Only Greece, Luxembourg and Poland had lower scores.

CRYSTAL OF GROWTH previously informed that, according to Bloomberg, Britain’s finances have not been so bad in the last 70 years

@crystal_book