Number of self employed on the decline
For years, the fact that more and more people have been choosing self-employment has made the headlines, with political parties arguing over the reasons for the increase and bodies representing independent professionals fighting for recognition amongst policy-makers. With the recent news showing that the number of people who are working for themselves has fallen by 131,000 compared to a year ago, there has been plenty of speculation as to why that might be and whether is good, bad or neutral news.
The Association of Independent Professionals and the Self Employed have expressed their concern at the news. They believe that the numbers could be dropping due to lack of support on the part of the government, despite the Conservative Party’s Small Business Manifesto which was released in the weeks before May’s General Election.
IPSE’s Chief Executive Chris Bryce is worried that depletion in the numbers of self-employed individuals could mean disaster for the UK’s economy. With the independent sector proving vital to the success of a number of crucial sectors, from engineering and construction to IT and the creative industries, IPSE’s concerns could match those of businesses both large and small.
They believe that the government’s target of having an additional 2 million people in the workforce by the end of their parliament will be hard to reach if they fail to encourage self-employment. The Summer Budget dealt a blow to a number of independent professionals, and this is one of the areas in which IPSE are urging them to reconsider their stance in order to make life easier and more profitable both for self-employed individuals and for the businesses and organisations that need their skills and experience.
If you want to know how much you could be earning as a contractor or freelancer, then our take-home pay calculator could help you to get an idea of your potential earnings. We also have plenty of information to help you to understand the advantages and disadvantages of a limited company, so that you can make the decision which works best for you and your business. Our free contractors’ guides are designed to provide a wealth of information about the practicalities of working for yourself.
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