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

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. That includes £20bn-£30bn towards the UK’s …