‘Budget for Growth’ delivers some positives but “ducks the big issues” holding back millions of self-employed

Budget Response - Hero image 01.png

Responding to measures announced at today’s Budget statement, IPSE (the Association of Independent Professionals and the Self-Employed) has accused government of avoiding the biggest obstacles facing the self-employed and preventing thousands more from leaving economic inactivity, despite welcoming reforms to childcare provision and pension rules.

Andy Chamberlain, Director of Policy at IPSE, said: “It’s extremely disappointing that the Chancellor has chosen to overlook self-employment in his plans to encourage more people to return to the workforce.

“Over 700,000 people have left self-employment since 2020 – very many of them have not returned since. Whilst the measures on pension allowances and childcare will benefit some, the Chancellor’s Budget for Growth ducks the big issues preventing many more from returning to the labour market on their own terms.

“Addressing the devastating IR35 rules, raising the VAT threshold and increasing the trading allowance would have sent a clear signal that the government values self-employed workers and needs them to drive growth. The Chancellor claims he wants to encourage labour market participation, yet his Budget completely ignores the most dynamic part of the workforce – the self-employed.”


IPSE fights for what is right for you and your business. We campaign to Government and industry leaders to build a better world so you can grow your business and be happy and healthy in your everyday life.

IPSE Campaign hub

Latest news

As the leading voice for the self-employed, IPSE.co.uk is the place to be for breaking news about the issues that affect you. Read the latest news affecting the world of self-employment all in one place.

Find out more

Meet the author

IPSE logo 100x100px.png
IPSE is the leading association for contractors, consultants, interims, freelancers and the self-employed. We strive to bring our members the most comprehensive and useful range of information and services and all the latest news about what affects your business.