|The continued growth in the self-employment is confirmed days after the Government launched a series of measures targeted against the self-employed and small businesses in the Budget. (See the Political News section of Shout99.)
Lorence Nye, Economic Policy Adviser at freelancer group IPSE, said: “Self-employment remains an absolutely crucial catalyst for the continued strength of the UK labour market as today’s figures show.
“In the past year the self-employed population accounted for more new jobs in our economy than employee roles. The self-employed have been more than pulling their weight since the recession of 2008, accounting for 40 per cent of the total growth in employment.
“The latest figures really underline the fact that the self-employed have been essential to the UK economy and their overwhelming worth and value should be nurtured and encouraged by the Government rather than damaged. Targeting them to gain higher tax revenues will only have wider damaging ramifications for the economy.”
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Susie Hughes © Shout99 2017