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Prosperity postponed? How businesses have cut investment through the pandemic

ONS Blog

One of the less discussed economic issues in the pandemic has been the big fall in business investment, which contributes to GDP and is also a driver of future productivity growth. Here David Roberts looks at recent trends and what they tell us about the economy.

Business investment, the amount spent on assets such as machinery, buildings and vehicles fell by a quarter in the three months to June 2020.

Excluding a technical quirk in 2005, this is by far the largest fall in business investment on record.

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