UK firms plan to raise investment despite election risk

London

MAJOR British businesses plan to step up investment this year despite seeing increased risks from May's general election and a softer economic outlook, a survey by accountants Deloitte showed on Monday.

Deloitte said firms planned to raise investment by an average of 9 per cent this year compared with 8 per cent in 2014, which would take business investment to its highest share of gross domestic product since the dotcom bubble in 2000.