
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.

Traffic through the strait, normally the conduit for a fifth of global oil output, has been severely curtailed since the start of the Iran conflict. But Iran itself is shipping oil through the waterway in almost the same volumes as before the war, earning the cash needed to sustain its economy and war effort.












