According to the FSB’s new Back To Work report, which is based on Labour Force Survey data over the 14 years from 1997 to 2011, 59% of people working in the private sector are employed by UK SMEs and these businesses will account for 49% of private sector turnover.
They also note that 88% of the unemployed who enter the private sector workforce go on to start their own business or work for an SME.
Most crucially of all, 95% of what are termed ‘non-participants’ – those individuals who are not actively looking for work such
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