Income for self-employed crashes 22%
Wednesday 20 August 2014
The number of people who are self-employed has increased by over 730,000 in the past six years, but average income has slumped by 22 per cent, a new study has revealed.
Around 4.6 million people now work for themselves, more than at any time in the past 40 years, according to the Office for National Statistics. The number of self-employed over 65-year-olds has more than doubled over the past five years to almost half a million.
The most common jobs are in construction and taxi driving, although there has also been growth in management consultancy. Average income from self-employment has fallen by over a fifth since 2008, to £207 a week.
The TUC said income has “collapsed”. General secretary Frances O’Grady said: “Self-employment appears to be a key factor in the UK economy’s shift towards low-paid work. Many people want to work for themselves, but the growth in self-employment is reducing pay, job security and retirement income, and is likely to be reducing the Government’s tax take too.”
- 3 Russian girl takes her own life after parents find pornography on her computer
- 4 Ball pool for adults opens in London
- 5 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Kim Kardashian on Bruce Jenner's 'story': 'We support him no matter what, and I think when the time is right, he'll talk'
Russian girl takes her own life after parents find pornography on her computer
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...