August 21, 2014

Self-employment at a 40 year high

The number of self-employed workers is at its highest level since records began almost 40 years ago. Around 4.6m people now work for themselves in the UK which is almost 15% of the working population.

The most popular self-employed sectors are:

  • construction and building: 167,000 people
  • taxi drivers and chauffeurs: 166,000
  • carpenters and joiners: 144,000

However, other areas showing a big rise are management consultancy, photographers and chartered accountants.

This is an increase from 13% of the workforce at the start of the financial crisis in 2008. However, it might not actually be a good sign for the economy because the average income of self-employed workers has slumped by 22% over the same period. So more people are working but for less money.

Click here to read the report on BBC News.

Click here to read the report on Sky News.