UK economy in growth ‘doom loop’ after decades of underinvestment

Institute for Public Policy Research points to 500bn-plus underspend compared with other advanced economies

More than half a trillion pounds' worth of underinvestment by government and business over recent decades has left Britain's economy trapped in a growth doom loop", according to a thinktank.

Sounding the alarm as the economy struggles to gain momentum, the Institute for Public Policy Research said the UK risked falling further behind comparable wealthy nations without a sharp turnaround in approach.