A Bleak Future for the Self-Employed?
Twenty percent of microbusinesses founded by Britain’s ever-growing army of self-employed entrepreneurs close down within the first twelve months. These findings, from the Institute of Fiscal Studies, highlight the precarious state of self-employment in modern Britain. The Big Picture – Explained The IFS report noted that just under 50% of businesses set up by individual entrepreneurs have a long-term future. However, more than 60% of...