Self-employed to outnumber public sector workers by 2016

Self-employed ‘to outnumber public sector workers by 2016

There will be more people in self-employment than there are public sector workers by 2016.

This is according to analysis of new labour market statistics by the freelancing group PCG, which looked at the rate of growth in self-employment and the decline in the number of public sector workers.

New official figures show that he number of self-employed people in the UK grew by 400,000 during the second quarter of the year – an annual 9.7 per cent increase.

There are now 4.58 million self-employed people in the UK, according to the ONS. Meanwhile the number of public sector workers fell by 4.9 per cent over the last year.

It is thought that self-employment will top 5 million by the end of the year. Politicians and commentators have raised concerns about the growth in self-employment, suggesting that much of the growth may be accounted for by an increase in the number of people who simply cannot secure full-time employment.

The PCG also noted that the number of women in self-employment is growing at a faster rate than the number of men. There are now 15.2 per cent more self-employed women than last year, and the number rose by 4.1 per cent from the last quarter.

Looking for self-employed insurance?

With Simply Business you can build a single self employed insurance policy combining the covers that are relevant to you. We’ll run you a quick, tailored quote right now online, and let you decide if we’re a good fit.

Start your quote