With the British economy seemingly unstable following the Referendum result last month, it may come as a surprise to hear that almost nine in 10 new UK jobs that have been created in the last three months were from self-employment.
Pallet Truck Shop, one of the country’s finest providers of pallet trucks and other manual handling equipment to both small and large businesses, is encouraging start-ups and entrepreneurs not to scrimp on equipment and invest from the start in order to enable the smooth running of a business for years to come.
Phil Chesworth, Managing Director at Pallet Truck Shop, said, “Investing in quality equipment is imperative for start-ups and entrepreneurs. When people first start out in business money is often tight, so it can be incredibly easy to go for the cheapest option, cutting corners by avoiding purchasing equipment and doing it all yourself, or buying cheaper equipment that won’t last. However businesses are generally setting themselves up for a fall by doing this, as they are at risk from injury and hindering growth by not investing, and causing further expense having to replace sub-par equipment. Purchasing quality equipment at the start is the best time to invest and allow business owners to fulfil their potential right from day one.”
The number of self-employed people in the UK has gone from strength to strength over the last couple of years. Rising from 3.8 million in 2008 to 4.6 million in 2015, almost one in six, or 15.1%, of all UK workers are self-employed. This is somewhat indicative the country’s economic recovery since the recession, while also highlighting opportunities for growth within the competitive British economic marketplace.
According to the Office for National Statistics, of the 118,000 full-time jobs added in the most recent three-month period, 104,000, which equates to 88%, are self-employed. Phil, adds, “The rise in self-employment is great news for the UK economy – and comes at a time when many really need some positive news. The fallout from the Brexit result has unsettled many, with numerous reports indicating another recession. However this revelation in fact indicates the opposite.”
Pallet Truck Shop has an extensive range of manual handling equipment available to purchase online, ideal for start-ups and rapidly growing entrepreneurs.
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