The Rt. Hon. Sir John Major KG CH

Prime Minister of Great Britain and Northern Ireland 1990-1997

Chief Secretary (1987-1989)

Mr Major’s Written Parliamentary Answer on Business Start-Ups – 8 June 1989

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Below is the text of Mr Major’s written Parliamentary Answer on Business Start-Ups on 8th June 1989.

Mr. Burt To ask the Chancellor of the Exchequer what is his latest estimate of the number of business start-ups in 1988–89.

Dr. Twinn To ask the Chancellor of the Exchequer what is his latest estimate of the number of business start-ups in 1988–89.

Dr. Goodson-Wickes To ask the Chancellor of the Exchequer what is his latest estimate of the number of business start-ups in 1988–89.

Mr. Major In the calendar year 1987, the latest for which figures have been published by the Department of Employment, the net increase in the number of businesses registered for VAT was 45,000, an average of nearly 900 a week. Indications are that the rate of increase since 1987 has been even faster, and may have amounted to over 1,300 per week. The figures for 1988 will be available later in the summer.