Self-employed will prioritise personal feelings over business in EU vote

Thursday 23 June 2016

With the result of the EU referendum likely to have an impact on businesses, there are different opinions about whether a vote to remain or leave will benefit companies - especially smaller ones - the most.

A new study has suggested that, despite the implications it could have for UK professionals, those who are self-employed will be influenced by their personal feelings, rather than taking the potential impact on their company into consideration.

The research, conducted by Intuit QuickBooks, found that more than 70 per cent of self-employed professionals will be basing their EU referendum vote on personal choice instead of what's best for their business.

To arrive at its findings, the study asked 1,000 people who were self-employed about how they would be voting in the upcoming referendum and what would be influencing them.

It found that just one in five will prioritise their business over everything else when it comes to making their decision.

During the lead up to today's referendum (June 23rd), there have been a large number of voters who have been undecided about which way to go, and the study suggests that this is the same for the self-employed workers in the UK.

According to the research, there was only a minuscule difference between those who wanted to leave or stay but more than a tenth were still undecided. It also found that nearly two-thirds of those who had decided (62 per cent) were concerned about how the result would affect them as someone who ran their own business.

Despite their levels of uncertainty, most of the respondents were still happy about the choice to become self-employed. The survey found that more than half (57 per cent) thought it was better to be their own boss than work for another employer full-time.

More than 80 per cent would remain self-employed if a Brexit occurred, while one in five would go back to working for another person.

Intuit QuickBooks Europe vice-president and managing director Rich Preece said there are some five million people who are self-employed in the UK, making them the fastest-growing category of worker.

With this in mind, the opinions and votes of self-employed professionals will have "a significant impact" on the outcome of the referendum, he explained.

“Whatever the outcome, we must make sure this important group has the information and tools they need to succeed,” he said.


By Victoria McDonnell

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