
It is being reported that fewer businesses are being established in the UK. There has been a 3.7% decline in new firms established during the third quarter of 2024. This is compared to the same period in 2023 according to the Office for National Statistics. The downturn affected 13 out of 16 main industrial sectors. The most significant reductions observed were in the construction, transport, and storage industries.
iBOSS Comment:
This is a serious cause for concern, particularly for anyone wanting to see our economy grow. A further concern is the effects the budget due later this week will have on the willingness to invest in startup businesses.
If you are considering investing in &/or setting up a business, but have some doubts, then call us at iBOSS. We offer a Free 1 Hr consultation on the options that may be available to you. We can help with advice on organisation and funding. Simply phone 01327 349779 or complete the enquiry form on our web site www.theiboss.co.uk .
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