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Good morning: The economy will receive a much-needed boost from business investment this year with a record proportion of finance directors set to prioritise funds for expansion, according to a closely watched survey.

Thirty-seven per cent of chief financial officers surveyed by Deloitte said that increasing capital expenditure was a priority for 2022. The appetite for growth is almost double the level recorded at the beginning of the pandemic recovery in March last year.

Arthi Nachiappan, our economics correspondent, has more on the report, which was released overnight.

On the corporate front this morning:

• The discount food retailer Aldi has reported that sales rose 0.4 per cent year-on-year in December, despite a tough comparative period when grocery spending was boosted by Covid-19 restrictions