Daily Archives: October 9, 2012

Kate Allen

As Ben Fenton reported earlier today, Conservative party star Boris Johnson has lauded Britain’s businesses, adapting a quote from Napoleon to call Britain ‘a nation of small and medium enterprises’.

And the mayor of London is right – businesses with up to four employees make up the majority of companies in the country*, data released by the ONS last week shows. SMEs – defined in EU law as having fewer than 250 employees – comprise 99.5 per cent of businesses. And three-quarters of all firms are the smallest of small traders, with up to four employees.

UK businesses by size