It has been a fortnight of bad news. The pound fell, investors jumped ship, mainstream governmental parties fell apart and Northern Ireland & Scotland threatened to leave the United Kingdom.
However over at Companies House, the UK's registrar for businesses which releases statistics on businesses setting up in Britain, there has been an interesting turn of events. The number of companies in the UK has risen to the highest number yet. Britain now has one incorporated business per seventeen people, and it looks like the trend is set to continue.
It is possible that many of these companies will not go on to become the next-greatest-thing, they may dissolve soon after formation or struggle on for a few years, however it's likely that some will stay for the duration- contributing to our economy, becoming significant employers and some will even become the business leaders of tomorrow.
Last week Companies House reported that 53,000 new companies registered in May, and 38,000 dissolved. That meant the total rose to 3,721,493, the highest number ever recorded. In comparison to America, famous for their commitment to entrepreneurship, where they have seen slight stagnation since the recession of 2008 in terms of new companies.
Not only does this show that there is a growing feeling of confidence in British business, but it will also bring a freshness to our economy as start-ups are generally quick adopters of new technology and often come with new ideas and methods. New companies also create employment and wealth and we think that this is an important argument to be heard, especially amongst a lot of negative news coverage.