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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff

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

New housing near a solar farm and wind turbines in Oxfordshire.
The report said £20bn-£30bn was needed to invest in housing stock, and £50bn in the energy sector. Photograph: Paul White/UK Industries/Alamy

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.

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