The IoD says the UK economy has delivered stronger growth than many comparable advanced economies in recent years, but argues that persistent weaknesses in investment, productivity and business confidence risk undermining future prosperity.
The five areas are creating a competitive and predictable tax environment, mitigating the employment and investment consequences of the Employment Rights Act, sequencing devolution to support productivity across the UK, protecting and delivering economically productive infrastructure, and accelerating responsible AI adoption across the business population.
Anna Leach, chief economist at the IoD, said: “The UK has achieved respectable headline growth in recent years, but the fundamental challenge facing the economy remains unchanged: we do not invest enough. Business leaders consistently tell us that uncertainty, rising costs and doubts about policy delivery are holding back investment decisions.”
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