Financial Planning Priorities for the Self-Employed
Self-employment in the UK is growing and “earlier this year, self-employed workers reached a record high of 4.93 million – equivalent to 15% of the UK workforce.” Mortgage Introducer, October 2019. In the West Midlands, 10.7% of workers are self-employed and in Coventry, it is 6%.
“The number of self-employed workers in the construction industry accounted for more than 938 thousand people, making it the largest self-employed workforce in the United Kingdom. “ The second biggest group is professional, scientific and technical activities.” This is according to data from Statistica which shows the distribution of the self-employed workforce by industry in the United Kingdom as of the second quarter of 2019.