Major UK firm plan investment surge, easing production challenge: Deloitte

Major British companies plan a surge in investment in 2022 to meet strong demand and respond to climate change against a backdrop of growing labour shortages, according to a survey from accountants Deloitte.

Some 37% of chief financial officers viewed higher capital spending as a priority for 2022, the most since the quarterly survey started in 2009 and up from 20% at the start of 2021.

If the plans translate into action, they could help ease long-standing problems with weak productivity in Britain, which many economists blame on lower rates of business investment than in other rich nations.

"CFOs seem to be looking