Self-Employment In UK In 2014

In 2014 there were 4.6m self-employed people in the UK accounting for 15% of people in work. It is highest percentage it has been at any point in the last 40 years. There were also 356,000 employees who had a second job in which they were self-employed.

The rise in total employment since 2008 has been among the self-employed. It is largely due to fewer people leaving self-employment than in the past. Self-employed people tend to be older than employees. Self-employment among the over 65s has more than doubled in the past 5 years to reach nearly half a million.

Average median income from self-employment has fallen by 22% since 2008-9. In 2012-13 average median income from self-employment was £207 according to the Family Resource Survey. It should be noted that household surveys tend to underestimate income from self-employment. Income figures also include individuals who made a loss whereas employed people do not get paid a negative figure. Self-employed people do not get the same benefits as employed people in terms of sick pay, paid leave or maternity pay.

London had the highest concentration of self-employed people at 17.3% followed by the south west on 16.6% and the south east at 15.8%. The north east had the lowest concentration at 10.8%.

Across Europe the country with the highest rate of self-employment was Greece with 32%. Italy came next with 23.6% and Romania with 20.4%. The high figure for Greece is partly because of the high proportion of people self-employed in agriculture and the effects of tourism. The lowest rates were in Luxembourg with 8.1%, Denmark with 9% and Estonia with 9.4%. The EU average self-employment rate was 15.2% very close to the 15% in the UK. The UK has seen the third largest percentage rise in self-employment since 2009 at 19% behind Slovenia at 23% and Estonia at 20%. These countries are small in comparison and the average percentage change in the EU as a whole was -0.1%.

Farming Incomes Up In English Regions

All English regions have seen an increase in their total farm incomes over the past five years according to a statistical release from Defra. Total income from farming in England as a whole increased by 19% and regional increases range from 9% in the South West to 33% in the East Midlands.

Agriculture makes an important contribution to the national economy. It contributed 0.61% to the economy but contributions vary from region to region. At local level the contribution of agriculture to the local economy ranged from 0.17% in the South East to 1.26% in the South West. It contributes least to the local economy in London and the South East.

England can be divided geographically into livestock farming areas in the north and west and arable areas in the south and east. This is reflected in the fact that livestock output was most prominent in the South West and the North West and crops were predominant in the East of England.

In England as a whole, agriculture's contribution to the economy was £7,125m (0.61%) and employed 1.14% of the workforce.

Total Income From Farming Up Across The Country

The second estimate of agriculture in the English regions from Defra suggests that total income from all farming increased significantly in all NUTS1 regions in 2011. The North East had the largest increase with 38% and the East Midlands had the next largest increase with 33% on 2010. The smallest increases were in the North West and the West Midlands with a 20% increase in each.

Total income from farming has increased in all NUTS1 regions, in the medium term, between 2005 and 2011. The South East has seen increases of 364 to 464 and the North East 191 to 291. The smallest increases were in the East of England (224%) and the West Midlands (225%).

The relative importance of agriculture to each region can be seen in its share of regional gross value added (GVA) and the regional workforce. The greatest contribution to GVA in 2011 was made in the South West with 1.3% and the least in the South East with 0.19%. In England as a whole agriculture contributed 0.64% to GVA.

Agriculture made its greatest contribution to the regional workforce in the South West with 2.22% and the least in the South East with 0.5%. The industry contributed 1.1% to the workforce in England as a whole.

Slight Fall In Unemployment

The unemployment rate for June to August was 7.9% down 0.2% compared with March to May 2012. There were 2.53m unemployed down 50,000 on March to May. The employment rate for June to August was 71.3% up 0.5% on March to May with 29.59m people in work, up 212,000 on March to May and 510,000 on last year. The number of people in full-time work increased by 88,000 between March/May and June/August and part-time work by 125,000 but between June/August 2007 and June/August 2012 the number of people in full-time employment has fallen by 355,000 and the number of people in part-time employment has increased by 724,000. The number of unemployed people fell by 50,000 between March/May and June/August 2012 but increased by 883,000 between June/August 2007 and June/August 2012. The inactivity rate was down. There were 9.04m (22.5%) economically inactive people in June to August, down 138,000 on March to May and 314,000 on last year. There were 476,000 job vacancies for July to September 2012, up 3,000. There were 1.8 vacancies per 100 employee jobs. The largest increase in jobs between March and June 2012 was in the professional, scientific and technical sector with an increase of 87,000. The largest fall in jobs was recorded in the human health and social work sector with a decrease of 60,000 jobs. There pay rises in the June to August period. Total pay increased by 1.7% and regular pay increased by 2% on last year. Average total pay in August was £473/week and average regular pay was £444/week. The unemployment rate was highest in the North East with 9.9%. It was lowest in the South West with 5.8%. The largest decreases in the unemployment rate were in the North West with 1.1% and the North East with 0.9%. The highest employment rate was in the East of England with 74.6% followed by the South West (74.6%) and the South East (74.4%) and lowest in the North East with 67.9%. The inactivity rate was also highest in the North East with 24.6% and it was lowest in the East of England with 19.9%. The North East also had the highest Claimant Count with 7.7%. The lowest Claimant Count was in the South East with 3%.

House Prices Up 10.1% On Last Year

The House Price Index (HPI) from the Department for Communities and Local Government (DCLG) for April 2010 went up by 10.1% between April 2009 and April 2010 and 0.4% on March. The average house price was £207,516 in April 2010 and the all dwellings index was 174.4.

Annual average house prices in England went up 10.9%, in Scotland 2.2% and in Wales 11.3% but N.Ireland house prices fell by 8.9%. First time buyers paid 12.2% more than a year ago. Average prices for former owner/occupiers were 9.3% higher. New properties were 7.6% more than last year and pre-owned houses were up 10.3%.

House prices rose in all regions of the UK except Yorkshire and Humber where prices fell 0.5%. East Midlands saw the biggest increase with a rise in prices of 2.7%. Over the year to April all regions have seen an increase in house prices. The largest increases were in London where there were price rises of 16.8%.

The average price for a house in England in April was £214,863, in Scotland £162,392, in Wales £151,079 and in N.Ireland £163,201. The English region with the highest average house price was London. The North East was the lowest with £139,595. The regions with an average house price above the national average were the East of England, London, the South East and the South West.