UK investment was the highest of any G7 country in 2017

In the UK the growth of investment per annum was the most of any G7 country throughout 2017 say figures from the ONS last week. This research information showed that spending on investment increased by a significant 4% in 2017 as a whole when compared to 2016. This investment spending includes items like private homebuilders, business investment and government investment. The second largest increase in the G7 block countries was seen by Italy at 3.7%. These figures seem to allude to a confidence still being present in the business community despite the looming Brexit negotiations and the uncertainty that surround the whole situation.

A large reason for the growth in investment has been because of increased spending on buildings that comprises of private houses and other buildings like office blocks or factories

Between these two areas, this amounted to 3.8% of the total 4 percent investment growth recorded. There was also about 0.2 percent of the 4 percent that was due to investment in equipment for transport, machinery and equipment and IP products, like films and software rights .

The latest numbers demonstrate also that the UK governments ‘help tobuy’ loan programme (equity loan) that is aimed at 1^st tie buyers helped support housebuilding throughout the year.

Total investment into property increased by over 7% year on year. It must be remembered that investment figures actually reflect when the investment occurs rather than when the decision was made to invest. So many decisions to build office skyscrapers in twenty seventeen were made prior to the 2016 referendum decision on leaving the Eu for the uk.

These figures were actually published in the UKs national accounts for that year (2017).

This data provided by the ONS is the best illustration of the changes to the UK economy post Brexit decision and it illustrated that business investment rose by more than two percent compared to 2016 which compares favourable with a drop that was seen in the 2016 figures. It has been said by the BOE however though that the investment in business growth as a specific sector is less than that of other similar countries.