More than 500,000 new companies have set up since 2010 — taking on more than four million workers


BRITAIN’S booming businesses are driving a record jobs bonanza – taking on 8,500 extra workers EVERY WEEK.

More than 500,000 new companies have set up since 2010, creating employment for more than four million people, according to official figures.

 The success of Britain's booming businesses means there are 32.7 million people in work - more than ever before

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The success of Britain’s booming businesses means there are 32.7 million people in work – more than ever beforeCredit: Getty – Contributor

Their roaring trade means there are 32.7 million people in work – more than ever before – with the vast majority on the payroll of private sector companies.

It means the number of people relying on taxpayer-funded organisations for their wages is falling compared to other EU countries.

Just 16 per cent of British workers are now employed by the state – compared to countries such as France and Sweden where it is between 22 and 30 per cent.

Women are also reaping the benefit of the jobs, with a record 72 per cent of the adult female population now in work.

In the last year alone, employment has risen by over 280,000 in the private sector. The tech industry has expanded rapidly with 86,000 new jobs last year and 449,000 since 2010.

But despite the boom in private industry, key public services have also seen a boost in worker numbers. Over the same period, an extra 350,000 have begun working in education and 550,000 in health and social work activities.

Employment Minister Alok Sharma said: “This government has always been pro-business because we recognise that private enterprise is what creates growth and opportunity in Britain.

“The UK’s entrepreneurial spirit is creating opportunity across the country. It is private sector jobs that are largely driving record female employment, helping a million disabled people
into work in the last five years and driving up wages for 15 months in a row.

“And by protecting frontline public services we’ve also seen around 900,000 more working in education, human health and social work activities since 2010.”

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