Self-employed hit harder financially than employed during pandemic
New data published this morning by the Office for National Statistics shows that the self-employed were hit far harder financially than the employed during the pandemic. Key points:
- The self-employed were less able to make ends meet than before the pandemic, unlike the population as a whole
- Self-employed workers were more than twice as likely as employees to report borrowing money during the pandemic
- Over a third (34%) of self-employed people reported reduced income compared to just 10% of employees