Seventy two per cent of stock market trading is done by hedge funds, high-frequency traders or investment banks trading on their own account. Perhaps the most shocking statistic is that the UK languishes 159th out of 174 countries in the international league table for investment.
I can’t actually think of any way that the UK can be 159 th on a list of investment. The idea that the world’s 7 th largest economy (or whatever it is, 10th maybe, 5th? ) has less investment than the 100th is simply absurd.
So what has Hutton (or has Kampfner misunderstood him?) cooked up to get to this?
Do note one thing though. If he’s saying something like “investment as a percentage of GDP2 or something, then that’s a good result. It means we’re generating a high income off lower amounts of investment. That is, we’re being more efficient in our investing.