The ONS published a detailed report this morning about the impact of the pandemic on household finances for various demographics.
One of the key findings of the report was that the self-employed were hit far harder financially than the employed during the pandemic.
Rachel Hayward, MD at Ask the Chameleon said: The findings of this report don’t come as a surprise. The pandemic certainly made me doubt my decision to work for myself when my order book was almost bare, and certainly in the first two weeks of lockdown when my pipeline disappeared completely. However, despite the lack of Government help (with the recent tax hikes a particular thorn in the side) I am back fighting twice as hard. I didn’t become self employed believing I would be rich, as I probably earned more when I was employed, but for the freedom it provides. And despite the hell of the past 18 months or so, I’m still glad I made the choice.”