Business: Closures
Commons · Question 114125 · Tabled 20 Feb 2026 · Department for Business and Trade · Official record
Answered 27 Feb 2026
Question
Asked by Lee Anderson
To ask the Secretary of State for Business and Trade, what recent assessment he has made of the potential impact of business closures on the UK economy.
Answer
Answered by Blair McDougall, 27 Feb 2026
The latest statistics show that, on average, 312,000 businesses closed per year between 2019-2024, with 280,000 businesses closing in 2024. However, business births have exceeded closures over this period.The table below illustrates the total business clo...