Business investment sluggish until 2015, says E&Y

UK business investment will not return to pre-recession peaks until at least 2015, according to Ernst & Young's ITEM Club.

A report by the think tank suggests investment by UK corporates is still 15% below where it was before the financial crisis, compared to 7% down in the US and Germany.

The report forecasts business investment growth of just 2.3% this year and 3.9% in 2013, before rising to 8% from 2014-16.

The ITEM Club says this is down to confidence, rather than lack of finance, pointing out... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...