62% of Brits 'would continue working even if they didn't need to'

Tuesday 2 August 2016

Almost two-thirds (62 per cent) of UK workers have said they would like to work for as long as they can even if they didn't need to, suggesting that people enjoying what they do could be behind the recent rise in self-employment.

This is according to the findings of the latest annual British Social Attitudes Survey carried out by NatCen Social Research, which uncovered a significant increase in the number of people wanting to work for reasons other than financial security.

Back in 2005, under half (49 per cent) of respondents said they would always like to work even if they did not need to for financial reasons. However, since then, the number of self-employed people operating in Britain has grown dramatically, with 4.7 million workers now following a career path through choice rather than circumstance, which is likely to be a contributing factor to these increased levels of enjoyment.

The report explains: "People in work do not rate having a high income as being especially important, particularly when compared with greater job security and having an interesting job."

It was also found that 71 per cent of UK workers believe they have a good job, marking a significant rise from the late 1980s, when just 57 per cent of people were satisfied with their role.

Yet stress levels among workers have risen over the past quarter of a century, with over a third (37 per cent) reporting often feeling stressed at work today in comparison to 28 per cent of workers in 1989.

However, by working as freelancers, limited company contractors or in another self-employed capacity, people can gain greater control over their working hours and pay rates, allowing them to enjoy more flexibility and a better work-life balance, allowing them to reduce their stress levels as a result.

What's more, using Brookson's accountancy service enables self-employed workers to spend more time with loved ones and on building their career, as we will take on some of the admin and tax compliance work associated with running a limited company on their behalf.

By Victoria McDonnell

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