This note presents a statistical analysis of small businesses in the UK, the role of small businesses in international trade, small businesses and GDP, small businesses and tax receipts and information on government policy towards small businesses.
Small businesses and the UK economy (270 KB , PDF)
• In 2014, there were 5.2 million businesses in the UK, over 99% of which were small and medium enterprises.
• Small and medium enterprises employed 15.2 million people in the UK in 2014.
• The European Commission’s SME Performance Review estimates the Gross Value Added of SMEs as €473 billion or 49.8% of the UK economy.
Small businesses and the UK economy (270 KB , PDF)
Business and Consumer Confidence: Information on business and consumer confidence surveys, which is generally released ahead of official statistical data and can indicate changes to the economic outlook as well as turning points in the economic cycle.
Financial Indicators: Data from FTSE100, as well as oil prices and gold prices.
Latest statistics showing changes in UK productivity and comparisons of UK productivity with other G7 countries.
