Investment

Treasury written question – answered on 22nd March 2018.

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Photo of Daniel Zeichner Daniel Zeichner Labour, Cambridge

To ask Mr Chancellor of the Exchequer, what assessment his Department has made of trends in the level of (a) private and (b) public investment in the economy in each year since 2000; and how that investment compares with other G8 countries.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

Private investment (business investment) in the UK has increased by 16.5% since Q1 2000. General government investment in the UK has increased by 140.3% since Q1 2000. Out of the G8, the UK experienced one of the largest declines in gross fixed capital formation (whole economy investment) following the financial crisis. However, the UK’s growth since the recession was among the fastest out of the G8. The Government has taken steps to increase the levels of both private and public investment by creating a stable and competitive tax system and initiatives like the National Productivity Investment Fund, which was increased to over £31bn at Autumn Budget 2017.

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