Brexit Britain: Where We Fall Short
As the UK leaves the European Union, now is a great time to take stock and look at what industries are the most prevalent across the UK, as well as the gaps which need to be plugged. ...
Research by Utility Bidder has analysed the latest ONS UK business activity data to reveal the most common industries around the country.
The UK’s Top 10 Most Common Industries
| Rank | Industry | Number of Companies | %of Companies | Percentage change from 2019 |
| 1 | Professional, scientific & technical | 467,595 | 17.01% | -0.87% |
| 2 | Construction | 351,250 | 12.77% | 2.19% |
| 3 | Business administration & support services | 235,755 | 8.57% | 3.06% |
| 4 | Information & communication | 225,745 | 8.21% | -0.21% |
| 5 | Retail | 208,795 | 7.59% | 0.02% |
| 6 | Arts, entertainment, recreation & other services | 175,720 | 6.39% | 0.98% |
| 7 | Accommodation & food services | 161,695 | 5.88% | 2.97% |
| 8 | Production | 152,675 | 5.55% | 0.43% |
| 9 | Agriculture, forestry & fishing | 148,845 | 5.41% | -0.46% |
| 10 | Transport & Storage (inc postal) | 123,075 | 4.48% | 10.52% |
The experts at Utility Bidder have commented on the research saying:
“It is unsurprising to see that the ‘professional, scientific and technical’ industry is the UK’s most common industry, as this has been the case for over the last 10 years through which the industry has seen stable growth.
“For the 6.39% of UK’s businesses who make up the ‘arts, entertainment, recreation & other services’ industry and the 5.88% of those who account for the ‘accommodation and food’ industry, it will be a tough year due to the coronavirus pandemic, which will impact heavily upon the number of these businesses operating in the economy in the future. Despite the 3.95% growth across these industries from 2019 to 2020, we will likely see a significant decrease in the number of businesses in these industries over the next year if the necessary investment is not provided.
“The ‘Transport & Storage’ industry has seen huge growth in the last year. This is likely to be due to the increase in popularity of online shopping and the globalisation of retail industries and it is likely that the industry will continue to grow over the next year, with the coronavirus pandemic encouraging more people to shop online.”
You can view the full research here: https://www.utilitybidder.co.uk/compare-business-energy/the-uks-most-common-industries/
For more information visit: www.utilitybidder.co.uk
For more Trending news follow i-invest Online.
- First commercial mobile internet/telecoms system powered by balloons to launch in Africa
World Mobile is launching its unique hybrid mobile network supported by low altitude platform balloons in Zanzibar, as it plans to roll-out its innovative service providing reliable mobile internet to more people at lower cost throughout the African continent - Customers worldwide drove record-breaking Black Friday through Cyber Monday sales on Amazon
More than half of sales from Black Friday through Cyber Monday worldwide were from independent selling partners, most of which are small and medium-sized businesses - A quarter of European businesses say they can’t reduce their environmental impact
Despite EU support for organisations to fuel post-pandemic growth and improve sustainability, most business leaders say there is no incentive to mitigate their environmental impact - Artificial intelligence could be used to accurately predict tsunamis
Machine learning could provide rapid assessment of underwater earthquakes - Brits brace for £2.6 billion in Black Friday fraud
Ping Identity (NYSE: PING), the intelligent identity solution for the enterprise, has today issued a stark warning to British shoppers ahead of the Black Friday sales: don’t get caught out by swindlers, scammers, and scoundrels!