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Umbrella company contractors may be interested to learn that a new study has revealed Southampton to be the UK's top city for those in the contracting sector.

The 'Definitive Study of the Self-Employed' report carried out by Inuit Quickbooks, questioned 5,010 self-employed people across the UK on issues including working hours, income, holiday and general life satisfaction.

The analysis revealed Southampton to be the top city, followed by London, Edinburgh, Brighton and Sheffield.

It was also found that between 81 and 85% of contractors in their top five cities felt more than or at least as satisfied as salaried workers.

Respondents also said ‘their financial status is the same or better than being a salaried worker’, with the figures ranging from 65% in Brighton to 71% in Southampton. But as the Vice President and Managing Director of Intuit Europe, Dominic Allon noted, it’s not just about the money: the study seems to confirm that the “surge in self-employment has been fuelled by demand for a better quality of life.”

Suneeta Johal, IPSE’s Head of Research, Education and Training, commented on the recent findings, “This interesting and invaluable study shows that right across the UK – from Edinburgh to Southampton – it’s possible to enjoy a high quality of life as a freelancer.

Not only that, this study also confirms what our own research has suggested: that wherever they are in the UK, freelancers and the self-employed can enjoy a level of financial security and life satisfaction that is at least as high as – and in many cases higher than – salaried employees.”

Daniele Cantello is an Contract Manager for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies. Learn more about Daniele on Google.

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