| answer text |
<p>Small businesses are the lifeblood of our economy, and the UK is a great place
to start a business. At the start of 2014 there were 5.2 million small businesses
in the UK, an increase of 760,000 since 2010. These small businesses employ 12.1 million
people – 48% of total UK private sector employment – and have a combined annual turnover
of £1.2 trillion: 33% of the UK private sector total. The government has backed small
businesses, including with 25,000 Start Up Loans, tax incentives for investment, and
the £2000 Employment Allowance which means 450,000 businesses now pay no employers
NICs.</p>
|
 |
