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%|
|3||Business administration & support services||235,755||8.57%||3.06%|
|4||Information & communication||225,745||8.21%||-0.21%|
|6||Arts, entertainment, recreation & other services||175,720||6.39%||0.98%|
|7||Accommodation & food services||161,695||5.88%||2.97%|
|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.
- A star of online tradingAn interview with Iskandar Najjar, CEO of Equiti Group Equiti provides online multi-asset trading services and support to a wide global client base. The group’s global footprint includes offices in Europe, the UK, the Middle East, the Americas, Africa and the Asia Pacific regions. Among…
- Fides Reach further, connect fasterAn interview with Andreas Lutz, CEO, Fides Fides is the world leader in multibank connectivity, payments and transaction communications. A market leader for more than a century, Fides is committed to making financial operations as efficient, transparent and secure as possible for all organisations. More…
- EU Renovation WaveOn January 23rd, the European Parliament is set to vote on the rules surrounding the green renovation of homes across the EU. Innovative instruments to unlock the necessary finances to achieve the EU’s building energy efficiency goals are on the table. MEPs must vote to…
- BoE to stress test non-banks for first time after pensions turmoilInvestment funds and other non-bank financial institutions face their first “stress test” in 2023 to apply lessons from the near-meltdown in Britain’s pension fund sector, the Bank of England (BoE) said in December. The BoE had to step in from September to buy £19.3bn of…
- Germany calls for global regulation of crypto industryGermany’s top regulator recently called for global regulation of the cryptocurrency industry to protect consumers, prevent money laundering and preserves financial stability. Mark Branson, the president of Germany’s financial market regulator BaFin, said a hands-off approach that would “just let the industry grow as a…