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Evening Standard
Evening Standard
Business
Will Grimond

UK business openings fall to lowest level since 2010

United Kingdom Anna Leach Office for National Statistics Birth Rate the Institute of Directors
New business openings dropped to their lowest level for more than a decade (Euan Cherry Media Assignments/PA) - (PA Wire)

New business openings across the UK hit their lowest rate in more than a decade last year, official figures show.

Data from the Office for National Statistics (ONS) shows 316,000 new businesses were created in 2023, down from 337,000 the year before.

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