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New Businesses

Volume 165: debated on Wednesday 17 January 1990

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To ask the Secretary of State for Employment how many new businesses were started over the past year.

In 1988, the latest year for which figures have been published, the net increase in the number of VAT-registered businesses was 64,000, an average of just over 1,200 per week. This was the net result of 230,000 new registrations and 166,000 deregistrations.