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New research has revealed that self-employed confidence in the economy has fallen to its lowest level since the start of the pandemic.

The IPSE’s (Association of Independent Professionals and the Self Employed) Q2 Freelancer Confidence Index shows that confidence in the UK economy for the next 12 months has fallen sharply from -27.4 in Q1 2022 to -56.7 this quarter.

Confidence in their own business for the next three months has also dropped, decreasing from 2.2 in Q1 2022 to -11.4 this quarter – the lowest recorded level for these indices since Q1 2021.

Derek Cribb, CEO of IPSE, commented on the findings, “After an uplift in freelancer confidence last quarter, reality has unfortunately set back into the UK’s self-employed.

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“Faith in their own business, as well as the economy, has fallen dramatically over the past quarter, as the country grapples with rising inflation and the cost-of-living crisis.

“With costs set to grow even further over the coming weeks and months, self-employed workers could find themselves pulled back into the abyss. If the government is going to stop this from happening, then they need to act now. Otherwise, they risk damaging one of the most innovative and dynamic parts of the UK economy.

“Thankfully there are signs that the government is already listening to our calls for a fairer taxation system for the self-employed.”

To find out more about contracting please contact Jaime on 01442 795 100 or email

Why Thousands of Contractors Choose Dolan Accountancy

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust.

Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £105 + VAT. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost.

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 795 100 or email or

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 Contractor Umbrella – With IR35 Legislation changes 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, Contractor Umbrella
  • 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 – 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

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