Britain needs a 'booster for growth' as tax hikes threaten investment
CNN
Britain's economy needs much more investment. Business says it's unlikely to get it any time soon.
The Confederation of British Industry said in its latest forecast that a "short-lived recovery" in capital spending would end in 2023 because of tax hikes on companies.
Investment in the United Kingdom has lagged that of other advanced economies for decades, and the business lobby group's forecast will deal a blow to Prime Minister Boris Johnson's aspirations for building a high-wage and high-productivity economy.
Millions of Americans have taken to the skies, hit the road, fired up the barbecue grill and jumped into the pool this weekend to celebrate the start of summer 2024. Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities.