Public investment boosts growth
This is a Britain news story, published by Guardian, that relates primarily to Moody’s news.
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public investmentGuardian
•Investment drives growth. That’s why gloomy forecasters are so wrong about the budget | Will Hutton
78% Informative
There is a consensus among economists that a precondition for higher growth is higher levels of investment.
In the US , vast increases in investment spending on defence have induced growth.
It was true of Britain in the 1950s and 1960s too, when public investment averaged more than 3% of GDP.
Moody’s warns of the challenges and risks, accentuating investors’ wariness about buying UK government debt and holding sterling.
Of course, even 2% growth, the most likely outcome, is not good enough.
If the government wants better, it needs to make progress in two critical areas.
Britain must break taboo and have closer trading relationship with the EU .
VR Score
83
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84
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17
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semi-formal
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English
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