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UK Firms Slash Investment Plans, Only 17% Boost Capex

7/7/2026

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Story summary
  • British businesses cut investment plans to the lowest level since the pandemic, with only 17% planning to increase capital spending.
  • A British Chambers of Commerce survey of 4,744 firms showed the 17% figure fell from 21% three months earlier.
  • Companies cite higher taxes, an extra £25 billion in National Insurance and higher living-wage costs since Labour’s 2024 win as growth-stifling.