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British entrepreneurs are founding nearly 420,000 new start-ups a year

“The financial crisis has given way to a more benign macroeconomic climate and an increase in consumer spending and business investment” writes Thomas Colson for businessinsider.com. Business investment has also slowed since the UK voted to leave the EU, but still rose by 0.2% in the second quarter of this year.In particular, the research found that start-ups in professional, scientific, and technical businesses have the best survival rate of any sectors, with 95% of businesses founded in 2014 still in operation in 2015, the last year for which that data is available.LONDON — British entrepreneurs are forming an increasingly vital part of the economy with the number of new businesses rising by 78% to 414,000 between 2010 and 2016 according to the ONS, but the impact of the Brexit vote entrepreneurial activity remains to be seen.
 
Source: businessinsider.com



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