Business Investment Increases at Fastest Pace Since 1987

Investment by UK businesses rose at the fastest rate since 1987 in the first quarter of 2010.

According to the Office for National Statistics, business investment rose by 7.8% compared to the previous quarter but business investment is still 7.7% lower than the same period in 2009. In addition, the UK financial services sector grew at the fastest rate since September 2007 during the second quarter of 2010, according to the Confederation of British Industry. However, the growth was much lower than expected and firms still feel that business levels are well below normal.