More than half of business owners in the UK believe that Brexit will boost the number of potential entrepreneurs to set up their own business, a new report has revealed.

According to Amway’s Global Entrepreneurship Report, 55 per cent of owners believe that the referendum has in no way dampened the entrepreneurial spirit, while 67 per cent reported that they believe a single economy will be good for overall business.

The report also found that the vast majority – 80 per cent – had already made plans to set up a new business, while 36 per cent intended to take on more staff and 40 per cent said that they planned to open up new business premises.

Almost half – 44.5 per cent – of those questioned for the survey said that they wanted the Government to offer better tax breaks in order to boost entrepreneurship across the country, while 51 per cent called for business loans to be made a more appealing option.

Andrew Smith, general manager for Amway UK and Ireland, said: "Entrepreneurship plays a key role in shaping the future of our economy. By exploring people’s aspirations and identifying key trends, we hope to open up the debate on new exciting ways to support entrepreneurial equality and accessibility in the UK.”

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