Continuing strength of UK labour market fuelled by growing contractor numbers

(2 minutes to read)

With the recent employment figures having been released, the IPSE believe that growing self-employed numbers are helping the labour market to thrive.

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.

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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.”

To find out more about contracting please contact Sophie on 01442 759100 or email sophie.lewis@dolanaccountancy.com.

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, ContractorUmbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of ContractorUmbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, ContractorUmbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

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