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Would you set up a small business in the UK?

As the UK economy continues to struggle there are growing fears with regards to the UK small business arena where finance has dried up and the UK government appears to have cut the sector adrift. Historically there has always been a very strong small-business sector in the UK with many of these operations moving on to the medium-size sector and some to a full-blown stock market quotation. So why is the environment so different today?

Aside from the fact that the UK economy is struggling to pull away from the aftermath of the credit crunch and the recession, there is renewed concern about the level of liquidity in the small business arena. When you also take into account the ever-changing taxation environment in the UK, both for personal taxes and business taxes, there is very little in the way of attractions for those looking to take a risk and set up a small business.

Not only will the reduced number of small businesses impact upon UK government income, the strength of the UK economy and the prosperity of businesspeople in the UK but it will also impact upon unemployment numbers. This is a period of the UK's history which is littered with broken companies, many of which only required short-term finance to get them through the downturn.

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