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Covid impacts most SME owners’ mental health but few seek help

More than half of small businesses experienced a decline in their mental health because of the pandemic, but less than one in three reached out In light of World Mental Health day (10 October), new research found that 55 per…

Chancellor under fire for being interested in ‘big businesses’ only

Rishi Sunak is facing backlash from critics after his speech on entrepreneurship at a Treasury conference At the Treasury Connect Conference in London on Tuesday (14 September), which brought together UK tech firms and investors, the Chancellor announced his support…

Freelancers’ post-pandemic boom dwindles, but confidence remains high  

Freelancers’ average quarterly earnings have slumped, new research reveals The latest Freelancer Confidence Index produced by self-employment trade body, IPSE, has found that after a surge in earnings at the start of the year, freelancers’ average income in Q2 has…

Small businesses expect return to pre-pandemic income in under a year

Small businesses say they could recover to pre-pandemic revenue levels within 10 months, despite fall in confidence New research claims that on average, small businesses expect their income to return to pre-pandemic levels within 10 months of the government restrictions…

Unsecured debt increases for a third of self-employed

Lenders urged to take a 'flexible approach' as one third of self-employed increase unsecured debt Unsecured debt, including personal loans, credit cards and overdrafts, have risen by an average of £2,312 over the last year among self-employed people, according to…

Pandemic devastation sees 2 in 5 freelancers lose 40% of income

More than 2 in 5 freelancers have lost over 40 per cent of their income since the Coronavirus pandemic began Exclusive research by self-employment trade body, IPSE, has found that Covid could have a long-term “devastating” impact on the UK’s…

Covid sees self-employed women lose twice as much income than men

Self-employed women lost nearly double the income compared to men, because of Covid Research by SME insurance provider, Superscript, has revealed that self-employed women lost 20 per cent of their income over the course of the pandemic, while men only…

Surge in contractor hiring activity highest in 23 years 

Upturn in temporary billings among highest on record, new report reveals The latest Report on Jobs by KPMG and the Recruitment and Employment Confederation (REC) showed a surge in recruitment activity in June, with the upturn in contractor and temporary…

Fifth SEISS grant slammed as ‘completely unfair’

The fifth Self-Employment Income Support (SEISS) grant is “unfair” and will leave workers out of cash, says MoneySavingExpert Martin Lewis has highlighted that the fifth round of SEISS grants is set to cover eligible claimants for five months – from…

Self-employed to see Universal Credit payments cut

Self-employed people claiming Universal Credit to see payments slashed from next month From August, the government is set to reintroduce the Minimum Income Floor (MIF) for self-employed workers claiming benefits - a move that would reduce these workers' Universal Credit…

Freedom Day delay deals ‘financially scarred’ freelancers ‘major blow’

Pandemic has 'seriously and structurally undermined' freelance sector, with delay to Freedom Day adding to freelancers' woes A study by self-employment trade body, IPSE, has found that two in five (40%) freelancers are not financially prepared for the future. Another…

‘Clear’ signs of self-employed recovery but more support needed

ONS data shows that self-employed recovery is stabilising, but experts urge for sector specific support The latest labour market data from the Office for National Statistics (ONS) showed that the total number of self-employed people in the UK had risen…

First rise in freelancers since pandemic “cause for cautious optimism”

Official figures show an increase in the number of UK freelancers – the first since the beginning of the pandemic. The latest labour market data from the Office for National Statistics (ONS) revealed the first month-on-month increase in the number…

Quarter of freelance businesses back to pre-pandemic levels

Gradual reopening of the economy sees thousands of freelance businesses return to pre-pandemic levels Nearly a quarter (24%) of independent workers have said their freelance business has returned to pre-pandemic levels, according to research by self-employment trade body, IPSE. The…

Freelance earnings and confidence make ‘remarkable recovery’

Freelance earnings and confidence in economy bounce back to pre-pandemic levels Research by self-employment trade body, IPSE, in conjunction with freelance job platform, PeoplePerHour, has found in the first quarter of 2021, freelance earnings made a “remarkable recovery”. The study…

Self-employed women missing out on Government support

Thousands of self-employed women are missing out on Covid grants, new research finds Less than two-thirds (60%) of women eligible for the Self-Employment Income Support Scheme (SEISS) claimed the grant by the end of January 2021, according to analysis by…