Freelances are losing money and blame government policy on tax and Brexit.
Freelancers say their earnings have fallen by an average of just over £4K in the last quarter and they blame government policy on tax and Brexit, according to new figures.
The figures come from IPSE (the Association of Independent Professionals and the Self-Employed) and PeoplePerHour’s quarterly Freelancer Confidence Index. They show a drop of over £4,000 (£4,302) in average quarterly earnings.
IPSE’s survey showed freelancers said confusion over Brexit (59%) and the government’s fiscal policy (55%) were doing most to harm their businesses. Three quarters of them (74%) also expect their business costs to rise in the next year.
IPSE has been campaigning hard against the extension of IR35 tax legislation to the private sector.
Andy Chamberlain, IPSE’s Deputy Director of Policy, said: “Freelancers are clearly extremely frustrated with this Conservative government’s chaotic management of Brexit and business. It should be a stark warning for the Tory leadership hopefuls.
“The ‘party of small business’ has done very little to understand or encourage the smallest firms or the future flexible workforce. Even beyond Brexit, we have seen only small steps on late payment, inertia on parental rights and outright hostility on tax.
“Freelancers are some of the most entrepreneurial and productive people in our economy and they are central to Britain’s business success, whatever happens with Brexit. The new Prime Minister must show the self-employed that they back modern working practices and this £275bn sector.”