A new study by the Royal Society for the encouragement of Arts, Manufactures and Commerce has announced that the number of self-employed workers in the UK will outnumber those working in the public sector by 2018.
The study states that 5 million people will be working for themselves by 2018, in which year the government’s workforce will decrease to a low of 4.8 million.
The authors of the study attribute this switchover to a rise in people wanting to be ‘masters of their own fates’, and a loss of faith in the public sector.
Until 2018, approximately 1 in 5 workers will be employed by the state. Currently 5.7million people work in the public sector, the lowest figure since records began.
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