3/29/2024 0 Comments Canary mail endpoint![]() However, this recovery is short-lived, with capital spending falling from mid-2023, as the super-deduction comes to an end and the rise in corporation tax begins. In the economic forecast, business investment appetite is predicted to rise briefly above its pre-pandemic level at the end of 2022, growing by 8.2% over the year as a whole. This means that long-term challenges and poor productivity continue to underline the need for a booster for business investment to support sustainable growth, it said.īusiness investment appetite has recovered during the year, spurred by renewed economic growth as the country reopened from a series of lockdowns. In its latest economic forecast, the Confederation of British Industry (CBI) said short-term headwinds, such as rising costs and supply chain shortages, have grown since its previous forecast in June. The UK’s recovery from the coronavirus pandemic is riddled with challenges, one of which is the need for further business investment, an industry body said on Monday. ![]() Photo: Victoria Jones/PA via Getty Images Business investment appetite has recovered during the year, spurred by renewed economic growth as the country reopened from a series of lockdowns. ![]()
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