BBCNEWS BBC News at One March 23, 2022 13:04:00
Productivity gap internationally. capital investment by uk businesses is considerably lower than the 0ecd average of 14% and it accounts for half our productivity gap with france and germany. 0nce half our productivity gap with france and germany. once the super deduction ends next year, our overall tax treatment for capital investment will be far less generous than other advanced economies. we are going to fix that. in the autumn budget, we will cut the tax rate on business investment and i look forward to discussing the best ways to do that with businesses. people, capital, ideas. three prio...