questionText: To ask the Secretary of State for Business and Trade, what recent assessment he has made of the potential impact of business closures on the UK economy.
answerText: The latest statistics show that, on average, 312,000 businesses closed per year between 2019-2024, with 280,000 businesses closing in 2024. However, business births have exceeded closures over this period.The table below illustrates the total business clo...
heading: Business: Closures