Search Results for: employed

Number of self-employed falls, except for over-50s

Number of self-employed falls, except for over-50s

by • News, Workplace

the number of self-employed business owners aged 50 and over surged to 1.1 million in 2023 – 89,000 more than in 2020 – despite the total solo self-employed population falling by 154,000 in the same period.Tens of thousands more over 50s are now running their own businesses despite an overall decline in self-employment since 2020, new analysis of workforce statistics shows. The analysis, published by IPSE (the Association of Independent Professionals and the Self-Employed), found that the number of self-employed business owners aged 50 and over surged to 1.1 million in 2023 – 89,000 more than in 2020 – despite the total solo self-employed population falling by 154,000 in the same period. More →

Vast majority of unemployed over-50s planning to return to work

Vast majority of unemployed over-50s planning to return to work

by • News, Workplace

An exclusive survey of over 50s by the UK’s leading independent job board, CV-Library, claims that an overwhelming 91 percent of inactive workers in the age bracket intend to return to work.  The Office for National statistics (ONS) recently revealed that the number of people aged 50-64 who are economically inactive has increased by 3.6 million, a rise of 10 percent since before the pandemic and the survey results support this with 41.5 percent reporting that they either left a job or have been out of work since then, but a turnaround looks imminent. More →

Half of unemployed men aged 50+ out of work for at least a year

Half of unemployed men aged 50+ out of work for at least a year

by • Jobs, News, Workplace

unemployed menThere were nearly 200,000 men aged 50 and older out of work between September and November 2021 – an increase of 24 percent in two years – and 50 percent of them were unemployed for at least a year, according to new analysis from Rest Less, a digital community and advocate for older people. Rest Less analysed the latest labour market data from the Office of National Statistics to find that unemployed men aged 50+ are significantly more likely to be in long-term unemployment, defined as out of work for at least a year, than any other age group. More →

Serfs up for the self-employed and gig economy workers (and the middle class)

Serfs up for the self-employed and gig economy workers (and the middle class)

by • Features, Flexible working, Working culture

One of the most significant consequences of the 2008 economic crash was a remarkable shift in the nature of employment. The recession led to a surge in the number of people categorised as self-employed. The numbers have been increasing ever since, albeit at a lower rate. By the end of 2019, the number of self-employed people in the UK exceeded five million people for the first time. Fifteen percent of the workforce.  More →

Self-employed workers and side hustlers to drive the UK’s economic recovery

Self-employed workers and side hustlers to drive the UK’s economic recovery

by • Business, News

self-employedResearch released by Mettle and YouGov estimates that the UK’s growing self-employed and side hustler movement will contribute an estimated £125 billion in turnover to the UK’s economic recovery in 2021. Furthermore, small and medium-sized businesses (with 1-49 employees) are estimated to contribute approximately £310.46 billion. More →

New social enterprise aims to bring work back to unemployed people with disabilities

New social enterprise aims to bring work back to unemployed people with disabilities

by • Company news

Two and a half million Brits are expected to be unemployed this year after the fall out of the pandemic. A concern for many has been how disabled people will fare with the aftermath. The unemployment rate for people with disabilities is more than twice those who are able bodied. More →

Unemployed over 50s are two and a half times as likely to be unemployed for at least two years

Unemployed over 50s are two and a half times as likely to be unemployed for at least two years

by • News, Working culture

over 50sUnemployed over 50s are two and a half times as likely as younger age groups to be out of work for at least two years, according to new analysis from Rest Less. There are 407,000 unemployed over 50s in the UK, making up one in four (24 percent) of all unemployed people. More →

Money troubles are more damaging to wellbeing of the self-employed

Money troubles are more damaging to wellbeing of the self-employed

by • News, Wellbeing, Working lives

wellbeingFinancial distress is more damaging to the wellbeing of the self-employed than those in employment, claims new research from Trinity Business School. According to the research, authored by Dr Martha O’Hagan-Luff at Trinity Business School, alongside fellow Trinity academics, financial problems are more strongly associated with lower levels of wellbeing for those that are self-employed. More →

Self-employed sector undermined and diminished by events of 2020

Self-employed sector undermined and diminished by events of 2020

by • Flexible working, News

An uphill fight for the self-employedNew research from IPSE, the Association of Independent Professionals and the Self-Employed, claims that the number of solo self-employed people in the UK has fallen by 5 per cent compared to last year. The total number of solo self-employed (excluding those who have others working for them) has fallen from 4.6 million in 2019 to 4.4 million. Until now the sector had been growing continuously for 11 years – by a total of 40 per cent.   More →

Massive increase in numbers of self-employed people on universal credit

Massive increase in numbers of self-employed people on universal credit

by • Flexible working, News

self-employedA new report from IPSE (the Association of Independent Professionals and the Self-Employed) suggests that there has been a massive increase in the number of self-employed people on Universal Credit since 2019. More →

New IR35 rules for self-employed riddled with problems, says government committee

New IR35 rules for self-employed riddled with problems, says government committee

by • News

A report into the government’s plan to introduce IR35 reforms to the private sector has concluded that it is so flawed that it should be delayed and reconsidered. The committee concluded the rules are “riddled” with problems and unfairness. The authors conclude that the Government has overlooked the potential impact on the wider labour market, including the so-called gig economy. The Committee also heard that many companies were already nervous about the rules and so making blanket status determinations and laying off contractors. More →

Half of self-employed fear they cannot cover basic living costs

Half of self-employed fear they cannot cover basic living costs

by • News

self-employedNew research by IPSE (the Association of Independent Professionals and the Self-Employed) claims that almost half (45 percent) of the self-employed fear they will not have enough money to cover basic costs like rent and bills during the Coronavirus crisis, despite the government support on offer. Overall, two thirds (66 percent) also say they are worried they will burn through all their savings in the next three months. More →

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