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‘More people than ever’ self-employed

Paystream News

Paystream

Saturday 26th Dec, 2015

More people than ever are choosing to become self-employed, according to new figures from the Office for National Statistics (ONS). 

Over 4.6 million people in the UK reported that they were working for themselves in the third quarter of 2015, according to the research. 

Meanwhile, unemployment was reported to have reached its lowest level since January 2006.

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 ten years.”

Mr Bryce underlined the contribution that self-employed people make to the UK economy, saying that this figure “can’t be underestimated”, with contractors and freelancers raising over £21 billion per year for the exchequer. 

He added that independent professionals and people who work on a freelance basis “want their contribution to be valued”.

The IPSE, he said, calls on the government to create conditions which would enable even more people to take the leap and start 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,” he concluded. 

These figures are not necessarily surprising given that a recent survey of UK professionals by social enterprise Cause4 found that one in ten employees “do not feel inspired at work”, and that a quarter of people want to start their own business in 2016. 

This was found to be particularly true of young adults in the 25 to 34-year-old age category who said they were not satisfied with their jobs. 

Furthermore, those living in London and Scotland were the most keen to start their own companies. 

In addition, more women than men expressed a desire to start their own business in 2016.