As of July 2021, there are approximately 4.3 million self-employed workers in the United Kingdom. During this provided time-period, self-employment in the UK has grown steadily, from a low of just 3.2 million in December 2000, to a peak of over five million at the start of 2020.

Of the 8,990,000 people aged 25-34, 8.34% are self-employed – approximately 247,500 of these are women. Approximately 4% of people aged 65+ are classed as self-employed. Average weekly income for self-employed workers.

As of the second quarter of 2021 there were approximately 801 thousand self-employed workers in the Construction industry in the United Kingdom, the most of any industry….

Self-employed workers and side hustlers are estimated to contribute £125 billion to drive the UK’s economic recovery in 2021. A change in the status quo has always given people the inspiration to innovate and start something new.

2.2 million freelancers
In 2020 there are now almost 2.2 million freelancers in the UK, up a small one percent from 2019. Of these over 1.9 million state that freelancing is their main job with a further 239,000 people doing freelancing as a side hustle alongside other employment.

15 million people were self-employed in 2015, or 10.1 percent of all U.S. workers.

Overall, people working as tradespeople make up 2,500 per million of the UK population. According to the analysis, tradesperson help is most sparse in the North East with one tradesperson servicing 305 households, more than double the number of homes that tradesmen in the East of England attend to.

London region
Demographics of the self-employed During the same time period, the most numerous self-employed. As of the third quarter of 2020, around 821 thousand self-employed workers in the UK were based in the London region, with a further 707 thousand based in South East England.

A third of the US workforce has done freelance work at some point in their career. 61% of freelancers went into this type of work by choice. Around 50% of freelancers are highly skilled. Freelancing contributed $1.2 trillion to the US economy in 2020.

According to global business intelligence company IBISWorld, though, the graphic design industry has been growing for the past five years, and freelancers now account for almost 90 percent of industry participation.

The self-employment tax rate is 15.3%. The rate consists of two parts: 12.4% for social security (old-age, survivors, and disability insurance) and 2.9% for Medicare (hospital insurance). However, you must pay the 2.9% Medicare part of the SE tax on all your net earnings.

There were approximately 4.33 million self-employed people in the United Kingdom in the three months to March 2021. During this provided time-period, self-employment in the UK has grown steadily, from a low of just 3.2 million December 2000, to a peak of over 5.03 million at the start of 2020.

Total employment has been supported by growth in both the number of employees and self-employment since the economic downturn, but self-employment has made a larger contribution to this growth than its share of overall employment. Figure 1 shows the net change in employment between 2007 and 2016.

Recent studies of this phenomenon have examined the characteristics of the self-employed (for example, Amankwah and Wales (2016), Tomlinson and Corlett (2017)) but have largely sidestepped the income of the self-employed. One reason for the limited coverage of self-employed income is the difficulty involved in measuring it.

Just less than 1 million people aged 55-64 are self-employed. 750,000 people aged 25-34 are self-employed just over three-quarters of a million. Those aged 65+ have just below 500,000 self-employed individuals. Of course, because most 16-24-year olds are still in education or working part-time, they are the least likely to be self-employed.