March towards incorporation gathers pace
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The UK Office of National Statistics has published the latest set of figures on the stock of businesses in the UK and has found that, between March 2008 and March 2009 there was a continued move towards incorporation, and a reduction in the number of sole proprietors and partnerships. The data here also provides useful background on the size distribution of businesses. One business in seven in the UK is involved in the building / construction industry although this sector only contributes between 7-8% of GDP annually - can students explain why?
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