companies have a smaller capital base than their international competitors
according to a survey published by the Department of Trade and Industry.
tangible fixed assets per employee - a measure of capital invested over time
- is estimated to be £96,000, some £53,000 below the international average.
Capital investment per employee by British companies in 1997 was £9,000, £4,700
less than the average for Europe, North America and Japan.
highlights the problem of under-investment in the economy - which then
impacts on the long-run trend growth for the economy