Posted 11/8/2023, 12:01:24 AM
Thinktank Urges £30bn Yearly Infrastructure Spend to Avoid Economic Stagnation
- Thinktank warns Hunt risks a decade of stagnation without £30bn annual infrastructure investment
- NIESR says scope for bold autumn statement due to higher than expected tax revenues
- Recommends raising public investment from 2% to 3% of GDP to boost growth
- Poorest families' incomes to remain 5% below pre-pandemic levels until 2026
- Hunt expected to focus on productivity, labour participation rather than big stimulus