UK redundancies ‘prompt entrepreneurial spirit’

Entrepreneurialism in the UK has been kick-started by the redundancies to have taken place during the economic recession.

According to research from the Home Learning College, two-fifths of Britons would consider setting up their own businesses if they were to be made redundant.

Meanwhile, one third of UK workers admitted to being fearful about the possibility of redundancies being carried out at their place of work.

Furthermore, 53 per cent of respondents admitted that they did not think the country had yet suffered the full effects of the downturn and that things could be set to get worse this year.

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Dave Snow, academic director at Home Learning College, said: “It is heartening to see that the recent economic climate hasn’t dented our renowned entrepreneurial spirit. However, a healthy dose of reality is necessary for anyone who is seriously thinking about setting up a company.”

The opportunity to be their own boss may be attractive to many Britons, after the Chartered Management Institute revealed half of employees in the UK have admitted that they believe a dominant management style in the workplace is negative.

Posted by Ross George