Entrepreneur mums boosting UK economy

18-09-2006

Britain's economy is benefiting from the growing number of mums who are setting up small businesses to run from home, an expert has claimed.

Spokesman for the London School of Economics, Tim Leunig, said that the new trend makes use of talents which were lost in the past when women chose to stay with their children rather than returning to work.

Speaking on BBC One's Breakfast programme, he said that it was important for the economy and allowed women to both be self-employed and work from home.

He said: "Women are better educated than ever before. They have got more experience in work. And to have all that experience going to waste, that would be a tragedy for the economy."

A recent survey from the Yellow Pages found that mums who set up businesses from home contribute £4.4 billion in annual turnover to the UK economy.

Among the most popular kinds of businesses run by 'Kitchen Table Tycoons' were childminding services, businesses offering baby goods and services and consultancy services such as internet web design.



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