Britain ranks among the worst performers in the developed world for spending on new technology, industrial machinery and transport equipment.

Britain ranks among the worst performers in the developed world for spending on new technology, industrial machinery and transport equipment. This is according to a study by the TUC on investment spending in the public and private sectors. The UK performed last out of the 34 members of the Organisation for Economic Cooperation & Development for spending on transport equipment. We also rank 20th out of 21 countries for which data is available in spending on IT systems and 23rd out of 27 countries for investment in other types of machinery.