Yorkshire and the Humber recorded a decrease in new business activity in October, as fresh figures reveal declining entrepreneurial confidence across the region.
According to the UK’s insolvency and restructuring trade body R3, 4,709 new businesses were launched in Yorkshire and the Humber during October, representing a 5.6% decrease on September’s total of 4,989. The fall in new businesses, based on an analysis of data from Creditsafe, was among the steepest in the UK and highlights a wider trend of decreasing business start-up activity across every UK region.
Other areas showing notable monthly falls included Northern Ireland (-9.9 %), the South West (-6.3%) and Greater London…