Self Employment is on the Increase

Research carried out by banking group Aldermore has suggested that a significant number of UK workers are planning to become self-employed in the future. This is a trend recognised by a CIPD megatrends report which reveals that 1 in 7 of UK workers are now self-employed.

Aldermore found that 29% of individuals aim to become self-employed which almost doubles the 1 in 7 or 15% figure.

Industries that are of particular interest to these new entrepreneurs include the retail sector, where 15% said they would be launching their business,  and the the catering and accommodation industry which is the target for 11% of those surveyed.

This isn’t all going to go ahead in the next year however as only around 1 in 5 intended to make the move in the next 12 months.

Commenting on the findings, Charles McDowell, Commercial Director for Mortgages at Aldermore, said: ‘The research demonstrates that the UK is a truly entrepreneurial nation, with nine million people considering making the ambitious move to become self-employed.

‘It takes a lot of courage to make the major life decision to become self-employed, and it is encouraging to see almost three in ten expect their revenues to increase in the next 12 months, which is a positive outcome in light of the myriad of uncertainties.’

So if you are thinking of becoming one of this new wave of self-employed workers and business owners you are going to need a good accountant who is familiar with the requirements of start-ups and micro businesses.

MCC Accountants are specialists in this field and help many self-employed people across Manchester and Salford. We can take you through the red-tape and make sure your business is set up in the optimum way for a new start-up. Decisions made at the start can have a positive impact on your new business so it’s important to get them right.

Please give us a call and we would be happy to arrange a meeting or telephone discussion so we can help you get your business off to a great start.

Posted in ,