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The Growth of Small Firms in the UK

In: Competition and Markets

Author

Listed:
  • David G. Mayes
  • Christopher Moir

Abstract

One of the most striking features of the development of the UK economy in the 1980s has been the growth in the number of firms. The number of businesses registered for VAT increased by 13 per cent between mid-1980 and mid-1987. Most of these extra firms are likely to have been small. An even more notable indicator is the 52 per cent rise in self-employment between June 1979 and June 1987. Not only is this an enormous increase but it represents a major change in behaviour as the number of self-employed actually fell by 7 per cent between June 1973 and June 1979.

Suggested Citation

  • David G. Mayes & Christopher Moir, 1990. "The Growth of Small Firms in the UK," Palgrave Macmillan Books, in: Christopher Moir & John Dawson (ed.), Competition and Markets, chapter 5, pages 41-62, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-10510-6_5
    DOI: 10.1007/978-1-349-10510-6_5
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