UK Business investment has plunged during the recession by the most since records began more than 40 years ago, and it continued to fall rapidly in the third quarter.
Spending by companies on goods ranging from machinery to information technology systems dropped by 3 per cent in the three months to September, compared with a fall of 10.2 per cent in the second quarter, according to the Office for National Statistics. Investment has now fallen by 21.4 per cent in the six quarters since the recession began.
