According to the office of national statistics two thirds of new jobs created since the financial crisis have been people becoming self-employed. The increase in self-employment has led to a growth in the labour market for the past 30 years hence the continued support for entrepreneurs.
It has also become an alternative to retirement. The office of national statistics stated that self-employment among the over 50’s is up by 36% compared to 10 years ago. This could be due to the changes to pensions and the ageing population.
The most popular sectors for self-employment include
- Construction and building: 167,000 people
- Taxi Drivers and Chauffer’s: 166,000 people
- Carpenters and joiners: 144,000 people
The increase in self-employment could be due to the fact that many people have aspirations to be their own boss. This would allow them to take more of the profits and have increased flexibility for their hours of work.
If you like the sound of becoming self-employed or need advice on whether it would be an advantageous career move for you please contact us.
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