Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment he has made on levels of business investment in the UK compared to that in other countries.
The Office for National Statistics has calculated that the UK’s business investment was £207bn in 2021. This amounted to 14.3% of GDP, the lowest of all nations in the G7 by this measure.
The Government is committed to boosting business led growth and investment across all parts of the UK.