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Share Consultancy firm SHL, which studied the data, found the 12.3 per cent increase was the highest since 2011. The figures should be viewed with caution, however, as some may relate to fraudulent companies set up by criminals trying to cash in on Government help. But experts say many of the new businesses will have been set up by the newly unemployed. Iain Wright, director for business and industrial strategy at the Institute of Chartered Accountants in England and Wales, says: History shows that following any economic downturn, the number of people starting a business rises sharply. It may be that, after a period of reflection during lockdown, people have thought hard about a business idea and decided to go for it. ....