UK ‘needs £1tn investment over 10 years to hit economic targets’

To achieve 3% annual growth, 100bn a year must be found for key sectors like housing and energy, City taskforce finds

The UK needs 1tn of fresh investment over the next decade if the government is to hit its economic growth targets, a City taskforce has said.

The Capital Markets of Tomorrow report, led by the City veteran and former boss of Legal & General Sir Nigel Wilson, said that in order to achieve at least 3% annual growth, the UK would have to attract around 100bn of investment per year, divided between key sectors.