Given the current economic situation, you’d perhaps assume that the figures relating to people going it alone in business would either be flat or on a downward curve. But that’s not so, according to a recent release by the UK’s National Statistics office, which says that the numbers of people going self-employed has risen. And it’s risen significantly, with the amount of self employed people at its highest in twenty years.
On the surface, this is of course very good news indeed – the more people in employment, the better. But there are doubts in some quarters as to what these figures mean in terms of the underlying trends. Because on the one hand there are undoubtedly people no longer employed in the public sector who are offering valuable services in a consulting capacity – and also, no doubt, enterprising people in redundancy who have gone for a career change and set up their own business – but on the other hand, it’s believed that many people are “odd-jobbing” part-time on a self-employed basis.
It can be difficult to see the three-dimensional reality through sets of numbers alone, but it’s definitely the case that a first quarter fall in unemployment means, on the whole, that there’s reason for cautious optimism generally. But whether the green shoots of recovery have broken upward through the earth? Well that’s another question.
One possible indication of a strengthening and growing of self-employment within the country would be a higher uptake in financial services such as accountancy for the self employed and SME sector. Those who are setting up as consultants or running their own business are also likely to look at self employed health insurance as a means of helping to make sure they can be back at work as quickly as possible should they require treatment that’s covered in their policy.