A report by the OECD (HERE) claims UK spending on transport equipment and technology is among the lowest in the world. In fact, in transport equipment we are actually 34th out of 34 countries surveyed.
And for spending on the latest technology and industrial kit we are 20th out of 21 countries for whom data is available. This is part of the reason for our appalling productivity record but withdrawing from the EU is not the answer, if anything it will make matters worse. I wouldn't mind betting that what investment we do make is mostly by foreign owned companies who may even consider relocating after brexit.
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