3 See for example Brunnermeier et al (2009, P2) ‘The Fundamental Principles of Financial Regulation’, Geneva  Reports on the World Economy: here. 4 See ‘Regulatory Cycles: Revisiting the Political Economy of Financial Crises’ by Jihad Daghe, IMF Working  Paper WP/18/8 p61.
In order to improve our growth prospects we need a sustained increase in fixed capital formation. Having reached a peak of around 24 per cent of GDP in 2008, the ratio of gross fixed capital formation to GDP has now declined to around 19 per cent.