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British family businesses

September 20, 2011

Family businesses can play a far greater role in the UK economy if they are offered the right level of support, according to the UK Family Business Alliance.

Family businesses could play a far greater role in the British economy if they were offered the right level of support, according to the UK Family Business Alliance.

Peter Thornton, one of the founders of the organisation, said the UK economy would be boosted if it didn’t rely so heavily on finance and banking.

“There is a need for a new direction for the economy, with family businesses contributing far more,” he added.

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