In 2023, the UK government introduced a permanent 'full expensing' capital allowance scheme, enabling corporations to deduct 100% of their investment in new IT equipment, plant, and machinery from taxable profits to combat long-term productivity stagnation.
Evaluate, with the use of an appropriate diagram or diagrams, the extent to which supply-side policies designed to boost private sector capital investment will enable a government to achieve its main macroeconomic objectives.
