Self-employment at record-high as more people choose to “go-it-alone”

More than 4.6 million people in the UK now work for themselves while unemployment is at its lowest level since 2006

Latest ONS figures show that the number of self-employed people in the UK has reached a record high for the three months to October.

According to the data, published today, there are now 4.6 million people working for themselves while unemployment has reached its lowest level since January 2006.

The further increase in self-employment suggests that more people are choosing to “go-it-alone” and follows recent statistics which found that a quarter of UK adults want to start a business in 2016.

On the “record” figures, Chris Bryce, CEO of the IPSE, commented:

Today’s figures show the UK economy is edging closer to full employment, due in part to the surge in self-employment over the last 10 years.

“The contribution the self-employed make to the UK economy can’t be underestimated, as they raise more than £21bn for the exchequer each year. Independent professionals and people who work on a freelance basis want their contribution to be valued, and we call on Government to adopt policies that create conditions enabling even more people to begin working for themselves. We know from our own research that the vast majority of people who decide to work for themselves would never go back to working for someone else.”

Comments

(will not be published)