IPSE's Confidence Index rightly predicts 'flatlining' economy

The UK economy shrank by 0.2 per cent in the second quarter of this year, today's GDP figures revealed. And IPSE (the Association of Independent Professionals and the Self-Employed) has said this was predicted by its index of freelancers' confidence. 

Ryan Barnett, IPSE’s Economic Policy Adviser, commented: “Today’s concerning GDP figures are further evidence that the uncertainty of Brexit and global trade wars are holding the economy back.  

“Our last freelancer Confidence Index forecasted these figures. We are due to release our latest results in early September, and we expect they will continue to predict the UK’s overall economic performance. Working across a range of sectors, but particularly in financial services and construction, freelancers are highly exposed to the changes in our economy.

“If their confidence and earnings continue to flatline, something will need to change.”

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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.