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To further understand the gaps in support and freelancers’ deteriorating financial circumstances, IPSE and Starling Bank have collaborated on a dedicated piece of research examining their finances throughout the coronavirus pandemic. The following report focuses on some of the key factors impacting freelancers’ work-related and personal finances.
How freelancers respond to an uncertain economy: A longitudinal report on seven years of IPSE FCI data
This longitudinal report is the culmination of seven years’ worth of Confidence Index research and analysis. For the first time, we are able to look back and examine the trends. We can see the effect that political decisions and macro-economic variables have had on freelancers’ confidence and understand the impact of these factors by setting them in the wider context over a longer period of time.
IPSE conducted a bespoke piece of research to find out how self-employment affects mental health, how the mental health of freelancers has been impacted by the coronavirus pandemic, what measures have been taken to maintain positive mental health and what more freelancers need to support their mental health.
At IPSE our members are at the centre of everything we do and we are continually reviewing our benefits, services and focuses to meet our members' needs. Read our latest impact report and find out about the improvements we’ve made, the impact we’ve had for our members, and what else they can expect in the coming year.
The survey measures overall trends in the market for freelancers in order to identify inflationary pressures, business confidence, and an overview of freelancers’ perception of general economic conditions for Q2 of 2020.
- 11 Aug 2020
This new report by the University of Edinburgh Business School in association with IPSE examines the impact of coronavirus on some of the UK’s highly skilled freelancers. It shines a light on the groups that have been left out of government support measures and highlights the devastating effects that this lack of support is having on their businesses, personal finances and home-life.
The first quarter (Q1) of 2020 has proven to be very tough for freelancers as they have experienced a 17 per cent decline in income comprised of both a fall in their day rates and the volume of business undertaken. Day rates have declined by 15 per cent from £474 to £405 while spare capacity has risen by four percentage points from 21 per cent to 25 percent.