Friday 11 November 2016

Turner Little: Number of Private UK Firms Reaches New Heights


Fresh data from the Department for Business, Energy and Industrial Strategy (BEIS) indicates that the number of privately-owned businesses operating in the UK has now hit a new record high.

Record creation rates Data released in 2015 suggested that almost half of UK adults want to start a business. In this poll, 45% of adults surveyed said that consumer spending habits and improving lifestyle conditions would put them at an advantage if they chose to start their own company. Also Brexit has devalued the Pound, bringing new opportunities for small firms who operate in sectors such as export and tourism.