Britain's low rates of investment

[Jim heartfield]

Looking at the news that the British Economy has not gone into
recession, I found these figures illustrating the historically low
levels of British investment.

Presumably this absence of industrial development is the reason that the
Government is currently promoting British pop music and arts.

Private Gross Fixed Capital Formation (Less Dwellings) as a percentage
of GDP. In Millions, Current Prices

        

        PGCF    GDP     %       
1989    74,306  511,889 15%     
1990    77,385  554,486 14%     
1991    70,648  582,946 12%     
1992    64,119  606,582 11%     
1993    64,927  637,817 10%     
1994    69,420  676,036 10%     
1995    77,795  712,548 11%     
1996    88,636  754,601 12%     
1997    95,817  801,972 12%     

Numbers abstracted from the National Accounts 1998               

-- 
Jim heartfield