Rising inflation a worry for freelancers
IPSE has today (Tuesday 18 October) reacted to the UK's Consumer Price Index, which rose to one per cent in September, up from 0.6 per cent in August.
IPSE Economic Adviser, Lorence Nye, commented: “The increase in costs will be hurting the UK’s smallest businesses the most, as naturally they have the tightest margins.
“Our research shows that freelancers are sensitive to the potential of upward inflation. Over the last year they have been worried about rising business costs - and it looks like their fears are being realised.
“Fuel costs are mounting, which will hurt flexible workers disproportionately, as they tend to be on the go a lot more than traditional employees. It’s now more important than ever Government looks at means of supporting this vital part of the UK economy”Finance, Policy