Latest employment statistics have shown the continuing strength of the labour market and, according to the IPSE this has been helped considerably by the fact that more people than ever before are now self-employed.
The new figures show the number of employees in the UK has increased by 292,000 compared to the same time last year.
The number of self-employed workers in the UK has grown by an incredible 88,000 in the three months to July, compared to the same time last year – this means there are now 4.85 million self-employed people – making up 15.1% of the workforce.
The IPSE believes this highlights the fact that self-employment is continuing to grow and will increase its share of the UK labour force going forward as opportunities present themselves.
Tom Purvis, IPSE Economic Policy Adviser, commented on the recent findings, “Today’s figures show the continuing strength and success of the UK labour market. This success can be attributed to more and more people opting to become self-employed.
“Being self-employed can be hard work, but research has shown that the majority enjoy what they do. Our research shows that when people make the decision to go self-employed, very few would consider giving it up for a job where someone else is your boss.
“At a time when the UK economy has to navigate its way through Brexit, it is imperative that we continue to promote a flexible UK labour market. It has been responsible for almost half of the recent growth in the labour market as a whole and this development needs to be supported.”
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