We need a substantial uplift in public investment so we can build a strong, secure, climate-safe economy where families, businesses, and communities can thrive.
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New modelling for the Invest in Britain campaign finds that funding more UK defence spending by cutting the government budgets of housing and the energy transition risks costing jobs.
observer.co.uk/news/business…
The research suggests that if the government cuts energy and housing to fund defence, this could reduce growth and cost jobs.
For instance, Nesta’s @Mad_Gabes recently warned that cutting the Warm Homes Plan “could effectively wipe out” the heat pump industry in England & Wales.
Invest in Britain is a campaign calling on politicians to substantially raise public investment to build a strong, sustainable, inclusive, resilient economy.
Let’s not settle for decline—let’s invest in a prosperous, vibrant Britain.
Find out more: investinbritain.org.uk
With his vision of public control of essentials, Burnham showed that public investment is the key to raising living standards, reducing regional inequality and restoring hope. That is the kind of ambition Britain needs.
Responding to the publication of the Treasury Select Committee's inquiry into the Office for Budget Responsibility, Invest in Britain's Campaign Director, Louis Willis said:
Our new Investability Index shows investing in education & work delivers the highest economic and social returns.
Investing in schools, teachers and skills boosts productivity, employment, earnings and tax revenues while strengthening resilience to inflationary shocks.
Defence investment scores relatively low, particularly on economic returns as it often has weaker multipliers compared to other sectors.
While it can support high-skilled jobs, a larger share of spending flows to non-UK firms and imports than those from civilian investments.
Invest in Britain is a campaign calling on politicians to substantially raise public investment to build a strong, sustainable, inclusive, resilient economy.
You can read through the Investability Index on our website: investinbritain.org.uk/inves…
Investing in essentials like education, health, energy and housing should be a top priority, according to our new Investability Index.
We assessed 11 sectors of the UK economy to identify where more public investment would have the biggest impact: investinbritain.org.uk/inves…
Our research also highlights the risks of cutting planned investment in other areas in favour of defence, as the government’s new Defence Investment Plan will do.
independent.co.uk/news/uk/ho…
Investment in housing, energy and education & work would have the biggest impact on tackling the UK’s persistently high inflation – as the cost of living remains the public’s top priority.
You can read through the Investability Index on our website: investinbritain.org.uk/inves…
Responding to Andy Burnham's speech at the People's History Museum in Manchester today, campaign director Louis Willis said:
Invest in Britain retweeted
Putting the political drama to one side for a moment, it's great to see so many ideas emerging today for how this government can do better in tackling the fundamental challenges facing our economy - low productivity growth, a lack of resilience and a rising cost of living. /1