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10 Apr 2017

CBI boss urges government to support UK´s self-employed

The head of the UK´s biggest business group is calling for the Government to scrap plans to hit Britain´s “thriving” self-employed workforce with sudden tax changes, The Telegraph reports.

Paul Drechsler, head of the Confederation of British Industry (CBI), argued that the plans would damage Britain´s job-rich recovery, with many entrepreneurs already facing a number of charges.

He is calling for the Government to create a “clear tax roadmap” so that individuals and businesses can properly prepare for their future.

The number of self-employed workers in the UK has grown by approximately one million since the financial crisis, now accounting for 15% (4.8 million) of the total UK workforce. Since the financial crisis, self-employment has driven 45% of total employment growth.

As Drechsler explains, some people value flexible work that fits around their other commitments more than a traditional full-time job.

Despite understanding that tax changes should level the playing field for different types of worker, he stressed the importance of not making sudden changes to the tax system – particularly in the current climate, with mounting uncertainty over Brexit.

“We want to incentivise people to start up, but actually what we need is for them to grow outrageously, so we have to be bold and ambitious,” he stated.

“The cumulative burden of tax is important. A levy to some is just another tax, that´s not what we want it to be, we want it to be an incentive.”

Copyright M2 Bespoke 2017

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