Redundancy figures mask devastating impact of Covid on self-employed
Professor Len Shackleton writes for CapX
“The hit to jobs between August-October and the previous quarter is, in net terms, confined to the self-employed, who have been particularly badly affected by the recession.
“Self-employment was 183,000 lower – while the numbers in employee jobs actually rose by 38,000 compared with May-July.
“Male employees were harder hit, falling by 66,000, while the number of female employees rose by 105,000.
“Amongst the self-employed, however, the picture was different: male self-employed fell by 90,000, while women self-employed fell by 93,000 – and from a far lower base.
“The self-employed have lost out badly over the course of the pandemic. As the economy recovers, those working for themselves should not be singled out for higher taxes as a payback for government help during the pandemic – particularly as this help was badly targeted and failed to reach the majority of those working for themselves.”
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