Why now's the time to become self-employed

The number of people becoming self-employed, either as a contractor, freelancer, consultant or locum is booming across the UK and there are plenty of jobs out there. If you need more reasons to convince you to make the leap, here's why should you join the self-employment revolution...

Rise of the self-employed

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The rise of the self-employed - Why now's the time to become self-employed

The number of people becoming a contractor or freelancer is booming across the UK and there are plenty of jobs out there. If you need more reasons to convince you to make the leap, here's why should you join the self-employment revolution...

  • Self-employment is at its highest point in 40 years
  • 15% of all workers in the UK are now self-employed
  • Fewer people than ever before are swapping self-employment for contracted position
  • Only 1/4 of freelancers have changed to employed positions

Did you know?

  • People aged 50+ account for the largest rise in number of self-employed?
  • and it has almost doubled among over 65s?
  • Female contractors and freelancers are increasing rapidly, with numbers outpacing men?
  • The UK comes 3rd in the European Union for the rise in self-employment?

Proportion of population who are self-employed by region

London                17.3%
South West          16.6%
North West          13%
North East           10.8%
Scotland              11.5%
Northern Ireland  14%

Self-employed workers by age

16-24                 184,000
25-34                 658,000
35-49                 1,577,000
50-64                 1,412,000
65+                    345,000

Sector/ Average daily rates*

What could you be earning?

Engineering
Design Engineer:                                 £331 per day
Technical Engineer:                             £353 per day
Engineering technical advisor:            £600 per day
Average:                                              £428 per day

IT
Enterprise Architecture Consultant:    £680 per  day
IT project manager:                            £464 per  day
First Line Support:                              £130 per hour
Average:                                             £425 per day

Medical
Locum doctor:                                   £500 per day
Physiotherapist:                                £200 per day
Medical Scientist:                              £205 per day
Average:                                            £302 per day

*based on average pay rate for Brookson customers

Cost of doing own books

On average self-employed professionals spend 4 hours per week managing paperwork - which could eat in to your net earnings, productivity and time.

By sector, this translates to a potential average monthly loss of earning of:
Engineering  = £856 per month
IT  = £ 849 per month
Medical = £603 per month

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