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News - 22 April 2014

PCG calls for a more freelance-friendly society

The Professional Contractors’ Group (PCG) has called for greater Government support for freelancers to ensure there is a 'level playing field' between the 4.5 million self-employed people in the UK and their employed counterparts.

Stuart Coleman, Manager of the Tax Department of ABDS comments:
“The actions called for by the PCG include reform of the tax system, steps to tackle late payments and support from financial institutions in the form of mortgages, and access to credit for the self employed.”

However, while PCG research has indicated that 90% of freelancers are happy 'going it alone', a report by the Trades Union Congress (TUC) has found that many people have been forced into insecure self employment, due to a lack of suitable good-quality employment opportunities.

The TUC also claims that although the number of self employed, freelance and sub-contractors has grown by 368,000 since mid-2010, the number of people running a business or working as a partner or sole director in one has fallen by 52,000 in the same period.

The PCG’s director of policy Simon McVicker said:
“Every time the ONS releases new figures on the labour market, we see that the number of people in business on their own account has gone up significantly. I’d like to know how large that figure has to get before Britain’s self-employed people are given the backing they deserve.”

Reflecting generally on its call for a more freelance-friendly society, the PCG explained: “We are now in the midst of a revolution in how we approach the concept of work in this country.

If we want to keep up, we need to make structural changes to the institutions supporting our businesses.

“From HMRC and government through to our banks and business support services, we all need to adapt or we risk clipping the wings of the UK’s smallest businesses.”

If you need any help and advice for your business on financing, cash-flow, management accounts or business development and or recovery, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients
Mindful of our client’s long term strategic goals

Helping Your Business is Our Business

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