Self-employment will overtake public sector work by 2018

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.

 

Rodger Armstrong, Commercial Director of JSA Services comments “With the number of contractors and freelancers on the rise, it is important to research the best way to set up your own business. JSA offer a range of products for contractors looking to work under an umbrella company, or to set up their own limited company. To find out more, call us on 0800 25 26 40.”

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