Self-employed driving record employment levels

(2 minutes to read)

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Latest Office for National Statistics data revealed that the number of self-employed people rose by 63,000 to 4.84 million in the last quarter of 2018.

The Association of Independent Professionals and the Self-Employed (IPSE) welcome these recent figures and believe that the UK’s strong labour market is being driven by the self-employed.

The ONS data showed that the number of people in work has risen to another record high of 32.6 million, with the IPSE saying that a large proportion of this is down to the self-employed.

IPSE’s Economic Policy Adviser Ryan Barnett, commented, “It’s excellent to see the rise in self-employment revealed in the data today. When the government celebrates the strength of the labour market, it must remember that a major part of that is down to the UK’s burgeoning self-employed sector.

“As of the end of 2018, there were 4.84 million self-employed people in the country. That’s almost 15 per cent of the workforce – nearly as much as the entire public sector.

“In a time of gloomy economic forecasts and poor GDP growth, the strength of our labour market and especially our self-employed sector is welcome good news.

“In such times, however, the Government and policymakers must give the self-employed sector the attention – and protection – it deserves.

“With Brexit uncertainty shaking the world of business, the Government should look to and protect its most productive and dynamic sectors – like the self-employed.

“Right now, freelancers and the self-employed urgently need clarity from Government on Brexit: not only taking a ‘no-deal’ off the table, but also making sure we have a financial services and immigration system that works for business.”

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