By Lynne Gowers on 23rd February 2015

Self-employed army grows by 88,000 in a year

The number of people who are self-employed increased at a fast rate in 2014, new statistics have shown.

The latest Office for National Statistics (ONS) UK Labour Market report found that an additional 88,000 people decided to join the self-employed army in the UK, with the total number now reaching 4.5 million.

What’s more is that the data showed that the rate in which female self-employed individuals grew was very fast as an extra 77,000 women decided to join the world of self-employment from October to December 2013 and October to December 2014. This is a total rise of 5.6 per cent.

The Association of Independent Professionals and the Self-Employed (IPSE) has welcomed this fantastic news.

Chris Bryce, chief executive of IPSE, said: The steady march of the self-employed continues and the employment rate in the UK now stands at 73.2 per cent of the working population, its joint highest rate.…

The news that the number of self-employed women has increased is particularly promising, and perhaps suggests that the flexible hours that the work can offer is appealing, especially for those who have family commitments too.

Mr Bryce added: It’s particularly pleasing to see the trend in women becoming their own boss, shown in last month’s Labour Market Stats, continue apace. The rise in the number of women heading into business for themselves over the last year is a whopping fourteen times higher than that of men.…

With the General Election coming up, this news is even more imperative.

We welcome Conservative efforts towards ending late payment of small suppliers and providing free wifi on trains, while Labour’s plans are positive but could go much further to ensure they support this vital section of the UK’s economy,… Mr Bryce added.

Written by Lynne Gowers
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