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New Businesses

Volume 181: debated on Wednesday 21 November 1990

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To ask the Secretary of State for Employment what is the net number of new businesses being created each week so far in 1990.

During 1989, the latest period for which figures have been published by my Department, the number of businesses registered for VAT increased by nearly 1,700 a week on average. Early indications from data collected by Her Majesty's Customs and Excise is that there continues to be a substantial surplus of registrations over deregistrations.