Birmingham has been named the most entrepreneurial city in the UK for four successive years – with more start-up businesses than anywhere outside of London. Data released by StartUp Britain shows that 17,473 new businesses were registered in Birmingham during 2016, an increase of 25% on the previous year. There are almost 114,000 self-employed people in Greater Birmingham and Solihull, according to the Office for National Statistics. It also won an award for business support
The leader of Birmingham Council, Cllr John Clancy, said: “Birmingham, known for years as the city of a thousand trades, remains a vibrant centre for entrepreneurs who are prepared to work hard, strike out on their own, and get businesses off the ground.
There was an outcry when the Chancellor Philip Hammond unveiled a National Insurance hike for self-employed workers in the Budget – now postponed. Some 4.6 million people, around 15% of the workforce, are now self-employed and data from the Office for National Statistics show that two thirds of new jobs in the UK created in recent years are down to self-employment.
Cllr Clancy called on Mrs May immediately to overrule Chancellor Philip Hammond and rule out any increases in Class 4 NIC payments. He said the proposal would hit those who took risks to set up small businesses and create jobs.
Well-informed readers explain that – as long as the self-employed have a contribution record established – they get the standard state retirement pension and older self-employed workers attaining pension age today have, in many cases, some pension accrued as employees for a number of years of their life which the present generation will not have. Benefits the self-employed cannot access relate to holidays, sick pay, maternity and paternity leave.
John McDonnell, the shadow chancellor, has announced that Labour is to convene a summit to develop a new deal for self-employed workers and small businesses and develop Labour’s policy on self-employment. – recognising “that the world of work itself is changing”.