London gives birth to new firms

London is the new mother of business, according to data released yesterday, with a business birth rate of 14.5 per cent, the highest in the UK. The Office for National Statistics said yesterday that nearly 13,000 new companies opened in London between 2010 and 2011. Overall, the UK saw a business births increase by 26,000, or 11.2 per cent, and business deaths fall by 20,000, or 7.9 per cent.