The proportion of British people who want to start their own business has plummeted since 2015, research shows, challenging the received wisdom that the nation is becoming ever more entrepreneurial.
Only 14 per cent of people reported an ambition to set up their own company, according to Natwest’s entrepreneurship monitor, a five-year low. The figure is down from 39 per cent before the vote to leave the European Union.
While younger people were more likely to want to start a business they were also more likely to be worried about the barriers, such as accessing capital, not having the right skills or simply fear of failure.
Alison Rose, chief executive of commercial and private banking at Natwest, said: “These figures are not surprising but they…