Recruitment

Freelancer confidence grows despite economic uncertainty

Fred Heritage | 3 May 2016 | 8 years ago

 

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Confidence is growing amongst freelancers, who recorded just 2.1 weeks of time not working in 2016 so far.
Just over two-thirds of the UK’s freelancers are just as confident or more so in their business performance than one year ago, recent statistics have shown.

In the first three months of 2016, freelancers recorded only 2.1 weeks of time not working, on average. This represents the closest to 100 per cent capacity that Britain’s freelancers have been operating at for the last 12 months.

The new survey conducted by the Association of Independent Professionals and the Self Employed (IPSE) also found that freelancers? personal brand and reputation in the marketplace were considered the most significant factors driving positive business performance, whereas government attitudes to freelancing, as in the last half of 2015, remained the most commonly cited factor to negatively affect business performance.

The most confident freelancers were revealed to be in technical support roles, including in the legal sector and healthcare.

Commenting on the survey results, IPSE CEO Chris Bryce said: This shows that freelancers are resilient. Most remain confident in their business even as they are less sure about how the economy will shape up in the next 12 months.

because they work flexibly, freelancers are in many ways much better equipped to deal with a volatile economic picture, Bryce went on to say.

Despite increasing levels of confidence in their own business, freelancer confidence in the UK economy more widely has fallen sharply, as uncertainty surrounding the EU referendum grows. The IPSE also found that 56 per cent of the country’s freelancers expect business costs to rise in 2016.

Freelancers could be missing out on millions by ignoring small expenses, are you one of them? Read on to find out more.

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