Gieve on the puzzle of UK business investment

In the speech 'The puzzle of UK business investment' given on 26 September Sir John Gieve of the Bank of England said official figures on business investment in the UK are likely to be revised higher.

In a speech at the University of West England, Gieve said there are a number of problems in measuring business investment and official data are almost certainly understating the actual figure.

'In the summer, the investment figures for past years were revised up and it would be no surprise if there

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