The sorry state of UK investment

A major economic thinktank has called for a large increase in public investment to revitalise the British economy.

Last week, the National Institute for Economic and Social Research (NIESR) issued a shockingly gloomy long-range forecast for the UK economy. “The UK is heading towards five years of lost economic growth,” it said. It warned that inflation would stay above the Bank of England’s 2% target until 2025, and that people at the bottom end of the income distr…