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28th Aug 2023 20:37U.K., Daily Monitor

  • Business investment rose again in Q2, but that largelyreflects a rise in capex on transport equipment.
  • Higher interest rates and the end of the super-deduction policy will cause business investment to fall in H2.
  • But we don’t see a sharp decline; corporates have a desire to invest and the balance sheets to do so.

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Keywords for: 30 August 2023 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence