Business investment reaches highest level in a decade
Despite £800m rise in UK business investment in the first quarter of the year, ONS figures confirm economic slowdown
UK business investment has reached its highest level since 2005, according to latest official figures from the Office of National Statistics (ONS).
With a reported £800m (1.7%) increase for January to March of 2015; the strongest quarterly growth since the second quarter of 2014, the picture for business investment is looking a lot more promising. The figures show total business investment has now hit over £45bn.
Despite growing optimism for investment, the data has confirmed an economic slowdown with GDP and growth of the services sector at their lowest rates since 2012.