Commenting on the business investment figures published today by the ONS, Steve Hughes, Economic Adviser to the British Chambers of Commerce (BCC), said: 

“The crisis engulfing the banking sector and a chronic lack of confidence led to businesses rolling back their investment plans at the end of 2008

“Firms will only be willing to invest when some semblance of normality returns to the provision of credit and demand picks up within the economy as a whole. The government has the perfect opportunity to address these very issues in April’s Budget Report.”