Contractor specialists and even some Tory MPs are calling for more government support when it comes to encouraging people into self-employment to make ends meet and boost the economy
Personal finance and property experts expect the Bank of England to raise interest rates yet again. Despite wage increases in certain sectors, the majority of people in the UK are still struggling due to high inflation on essential items and interest rates. Is greater self-employment the answer to the UK’s economic woes?
“While falling inflation suggests that we are heading in the right direction, the stark reality is that many people are still struggling to make ends meet. We certainly aren’t out of the woods yet,” says Seb Maley, CEO of contractor insurer Qdos.
Maley is calling on the government to “wake up” to the role that flexible workers can play in kickstarting the economic recovery.
“The consistently high cost of living could see even more people look to boost their income through side hustles and self-employment,” he says. “And the government has a responsibility to support the millions of people working...
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