Government to focus on supporting contractors

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Cambridge Satchel Company founder Julie Deane, is leading the charge for the government to offer better support for those who are self-employed.

A review looking at the challenges and opportunities for contractors has been launched and is expected to be published in early 2016. The report, firmly backed by the government, will explore why people choose to become self- employed, the challenges and issues they face and will make appropriate recommendations on how they can be supported.

Deane said: “The business landscape has changed so much in the last 10 years and in such a way that self-employment is now a viable option for so many more people. I have first-hand experience of the immense opportunities starting your own business can bring, but also understand the challenges that can face those starting out on their own.

“Having grown my business to employ more than 130 people and selling to over 120 countries, I have a clear idea of the way in which government can better support the self-employed. I hope this review will help others in the future to turn their ideas into successful businesses.”

The review will also evaluate how the government can provide greater security for contractors who face financial challenges such as saving for retirement or buying a home.

Prime Minister David Cameron said: “(The) review will shine a light on self-employment, a key part of our long term economic plan, looking at what can be done to provide more security and peace of mind for people wanting to work for themselves.”

ContractorCalculator CEO Dave Chaplin also praised the examination of contractor support, commenting: “Contractors helped take the UK economy out of recession and the flexible contingent workforce underpins our economy’s competitive advantage in the global marketplace.

“This review should educate policymakers about the steps they need to take to sustain and grow that competitive advantage by removing red tape and reforming overly complex tax legislation, such as IR35, that impacts negatively on contractors.”

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