Business tax cuts change the timing of company investment plans

Business investments as a share of GDP

Historic (outturn)

November 2023 pre-measures forecast

November 2023 post-measures forecast

12%

Forecast

11

10

9

8

Super-

deduction

Full expensing

7

2012

2016

2020

2024

2028

Historic (outturn)

November 2023 pre-measures forecast

November 2023 post-measures forecast

12%

Forecast

11

10

9

8

Super-

deduction

Full expensing

7

2012

2014

2016

2018

2020

2022

2024

2026

2028