New report shows self-employed numbers are down

(2 minutes to read)

Latest ONS figures show that the UK workforce increased only marginally in the last few months, with self-employed numbers particularly low.

The Office of National Statistics released their latest labour market statistics, revealing that self-employed numbers have decreased between July and September this year.

Looking at the UK workforce as a whole, figures show that these numbers increased only marginally compared to the previous year. At 32,409k, it was 23k (0.1%) higher than the previous quarter (April-June 2018) but was 350k (1.1%) higher than the same period a year earlier.

However, self-employment fell by 17k (0.4%) to 4,751k underpinned by 9k (-0.3%) fewer people working full-time and -8k (-0.6%) working part-time, representing a self-employment rate of 14.7% 

Temporary employment recorded a level 55k (-3.5%) lower than the previous quarter at 1,514k and this represented a temporary employment rate of 4.7%.

The Association of Independent Professionals and the Self-Employed (IPSE) believes that the continued drop in self-employment is being caused by damaging government policies and uncertainty about Brexit.

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Andy Chamberlain, Deputy Director of Policy at IPSE, explained, “The self-employed are suffering from a decline in confidence and earnings. We are hearing a very clear message from our members that this is due to government policy.

“Confidence in the economy overall remains very low, which is due in no small measure to the lack of a clear plan for the UK’s exit from the EU.

“Against this backdrop, it is unsurprising that the total number of self-employed is falling. The fact that unemployment has also risen should be a red flag to policymakers. If the self-employed are discouraged from working for themselves by ill-judged policies like IR35 and Universal Credit, it is likely to mean further rises in unemployment.”

To find out more about contracting please contact James on 01442 795 100 or email james.trowell@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 CashPlus free of charge for the first year, saving you £69.
  • 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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