UK’s Investment-Boosting Tax Breaks Fail to Win Over Businesses
- BCC survey shows British companies plan to limit investment
- UK investment has lagged since 2016 Brexit vote, trails in G-7
Jeremy Hunt
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
British businesses are keeping their investment plans on ice because of high debt-servicing costs and a stagnant economy, a survey found.
The British Chambers of Commerce warned sluggish corporate investment will be the economy’s “Achilles’ heel,” with firms reluctant to boost spending plans despite government tax breaks designed to encourage it.