UK self-employment hits record 4.66 million

Rise is entrepreneurship with number of self-employed up by 154,000 in last quarter of 2015 compared to same period in 2014

The number of self-employed in the UK continues to rise, hitting a record high of 4.66 million in the final quarter of 2015 – according to latest figures from the Office for National Statistics (ONS).

The number of people identifying as self-employed rose by 154,000 in the three months leading up to December, compared to the same period in 2014.

The news follows last month’s announcement that the number of people setting up as self-employed increased by 98,000 in the third quarter of 2015 in comparison with the previous year.

Commenting on the figures, Lorence Nye; economic policy advisor for the Association of Independent Professionals and the Self Employed (IPSE), said:

“The self-employed are driving a structural evolution in the UK labour market, providing our economy with flexibility and an essential competitive edge.

“Working for yourself is a positive choice, with our research showing the vast majority (86%) are very satisfied with the way they work. It’s vital the government supports this growing part of our economy as they are here to stay.”

For free advice and guides on self-employment and becoming self-employed, click here.

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