Redundant workers 'increase UK business start-up figures'

Many budding entrepreneurs are using the financial downturn as an opportunity to start up their own business in the UK, new figures have revealed.

According to Companies House, more than 21,000 people decided to set up a company in December 2008.

This is up from 20,000 at the same time a year previously, the Times reports.

It is thought that this could be due to the increasing numbers of people who have been made redundant using their payout to fulfil an ambition of running their own enterprise.

Stephen Alambritis, from the Federation of Small Business, claimed that because of the relative ease with which a firm can be established in the UK, there is always a high start-up rate, regardless of economic conditions.

Meanwhile, BlogStorm recently advised those starting up in the UK to have a clear set of objectives and plan what they need to achieve.

Written by Julian Poulter and Copyright "Selling People 2009"