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Self-employment surges in the UK 15.08.14

UK dubbed ‘self-employment capital of western Europe’

The IPPR think tank released a report that shows the number of self-employed workers has grown by more than 1.5 million in the last 13 years, now totalling 4.5 million. This figure accounts for over 15% of the UK’s workforce and now matches the EU average.

Labour points to the fact that two-fifths of jobs created since 2010 have been among the self-employed, which has helped shape the party’s cost-of-living agenda. At the same time, it has criticised the Conservatives of over-hyping the economic recovery.

Other bodies – such as the monetary policy committee of the Bank of England – have suggested that this figure may indicate the market may be weaker than it appears.

Story from the Guardian