Recession 'boosts self-employment'

The recession has led to an increase in the number of people working for themselves, according to a new survey.

Mortgage provider Kensington found that almost a quarter of self-employed people in the UK have been their own boss for less than two years.

The group calculated that with five million self-employed workers in the county, some 1.2 million have set out on their own business venture since March 2008.

Charles Morley, head of sales and product development at Kensington, said the rise in self-employment has coincided with job losses within organisations.

"I'm sure we all know somebody who has harboured ambitions of being their own boss and only taken the opportunity to do so when their employer has started to make cut backs," he remarked.

Meanwhile, a survey by broker Foreign Currency Direct has revealed that one-quarter of self-employed Brits would consider moving overseas in the next five years.

Posted by Gemma Roskell

Published on: May 5, 2010

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