Self-employment 'rocketed during recession'

Thursday 7 February 2013

The recession has seen the number of people in self-employment rocket, indicating there are more small and medium sized businesses than ever.

The number of people in self-employment has increased by 367,000 in four years, with 60 per cent of the increase occurring since 2011, according to figures from the Office for National Statistics.

Furthermore, 84 per cent of the increase in self-employed workers since 2008 was for people aged 50 and above.

It was also found that self-employed people worked longer hours than their counterparts who worked for others and were more likely to be male.

The proportion of workers who were self-employed was highest in London (18 per cent), and the lowest proportion was seen in the North East (11 per cent).

Self-employed people now make up a total of 14 per cent of the 29.4 million people in employment in the UK.

Posted by Alex Boardman