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Growth in people choosing to be their own boss

Growth in people choosing to be their own boss

New statistics have found that the number of people choosing to work for themselves, including via contracting, is continuing to rise.

The data, which came from the Office of National Statistics, indicates that the number of people working on a self-employed basis – including contractors of course – increased by 129,000 to 4.75 million here in the UK.

Those figures are for the period between August and October 2016, and are in comparison to the same period back in 2015.

The statistics come as little surprise given the wealth of benefits contracting and the like can bring about.

Commenting on the statistics, IPSE economic advisor Lorence Nye said: “The continued growth of self-employment reflects a permanent shift in the structure of the labour market. More people are recognising the benefits of being their own boss and working flexibly.”

Nye also commented on the importance figures such as this make the numerous reviews into employment practices that are currently in the offing.

“Chief among these is the Government-commissioned Matthew Taylor Review of workers’ rights. As self-employment becomes ever more widespread, we need to see radical thinking to ensure some of the biggest issues for these workers – pension provision, fair maternity pay, and simpler taxation – are addressed,” Nye said.