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30 September 2016

Prime Minister’s Taylor review to boost the UK’s self-employment revolution

Commenting on the Prime Minister’s announcement of the independent Taylor review into the changing nature of the world of work, FSB National Chairman Mike Cherry, said:

“FSB has long called for policymakers to respond to the boom in self-employment, which is rapidly changing the way the UK economy operates.  The policy environment has simply not kept pace, and has not adapted to the needs of this growing and diverse element of the workforce.  Today’s announcement of the Taylor Review by the Prime Minister will be an ideal opportunity to re-boot the Government’s approach to Universal Credit, which should benefit our self-employed members.”

“For the first time, we now have a total cross-party consensus to improve the lot of the self-employed in the UK – and now we have to see progress.  We will be inputting into the review to make progress on the maternity allowance, pension access, collective income insurance models and a new definition of self-employment.”

In April, FSB published in-depth research on self-employment entitled, Going it alone, moving on up: Supporting self-employment, outlining key recommendations to improve the safety net for the self-employed who miss out on many benefits employees take for granted. This includes increasing the Maternity Allowance so it is in line with the more generous Statutory Maternity Pay, as well as working with the insurance industry to develop more affordable income protection insurance products for the self-employed.