It’s just been announced that Chancellor Philip Hammond has cancelled the proposed Budget plan to increase National Insurance for the 4.8m self-employed.
This is great news for creative, marketing and digital freelancers. It's also good news for companies employing freelance people on a regular or ad hoc basis. Unfortunately if the proposed increase had happen, I am sure this would have lead to most freelancers increasing rates to pay of the extra national insurance they would have to find.
Freelancers are a huge benefit for the growth of the UK as it enable companies to employ these people on a adhoc basis rather than commit to a permanent role, especially when there is uncertainty. This is one reason why Green Shoots Recruitment Ltd refers to its Freelancers as Super Hero's it's their ability to fit seamlessly into an organisation to instantly add value and take the pressure away from other members of staff. By using experienced, skilled and specialist freelancers, we can match these people to a companies requirement, based on 20+ years experience recruiting in the Creative, Marketing and Digital Sectors.
As a self employed freelancer there is no guarantee of income, they do not get paid holiday pay or sick pay, having a lower rate NI does help. They can offer their particular skill to different companies and freelancers often like the variety and flexibility of this type of employment. Which is why the proposed increase would have been detrimental to them, businesses and the economy
Is it just me or does it feel good to hear we may actually have a government that is listening to the people, taking advice and acting on it?