Self-employment numbers continue to fall

(2 minutes to read)

IPSE: ‘The self-employed are vital for economic recovery, but huge swathes of the sector have been undermined and left behind’.

New ONS statistics show that the number of self-employed workers in the UK has dropped by 154,000.

Calling this drastic decline ‘alarming and avoidable’, the Association of Independent Professionals and the Self-Employed (IPSE) is calling on the government to prepare a ‘fair, flexible and focused’ extension of the Self-Employment Income Support Scheme for the second wave.

Derek Cribb, CEO of IPSE, commented, “The labour market statistics this month reveal an alarming and avoidable drop in self-employment.”

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“In a recession, we would usually expect self-employment to be flourishing as companies seek out flexible expertise. Instead, we are now seeing a drastic and continuing decline in the sector. This is almost certainly because of the glaring gaps in government support: next to nothing was done for limited company directors and the newly self-employed and now we are seeing the consequences.

“The self-employed are vital for economic recovery, but huge swathes of the sector have been undermined and left behind. As a second wave of coronavirus approaches, government must do more. We urge the government to prepare a fair, flexible and focused extension of the Self-Employment Income Support Scheme – for the sake not only of the self-employed themselves, but also the economy.”

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