New business start-up figures unaffected by credit crunch

A recent survey reveals that more people are starting a business to strengthen their financial security despite the current economic climate. Why? The leading reason was fear of redundancy, with flexible working and not having to answer to your boss following close behind.

Recent figures released by Companies House and the British Banking Association show further signs of business confidence. Over 27,000 new Limited Companies were incorporated in England and Wales in July 2008.

The research was carried out by business consultants who surveyed Over 200 businesses established for less than six months on their motivations for becoming self employed.

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