Self-employed – the nouveau pauvre

April 26, 2014

The Government has been using ‘self-employment’ status as a bribe to fiddle the jobless figures – the Working Tax Credit is a better support mechanism than Job-Seeker’s Allowance, so they push the jobless into registering, and that makes it look like unemployment has gone down.

In truth, the jobless figures have been fiddled perpetually for over 30 years, and have long-since been meaningless.

Flip Chart Fairy Tales

I take a break for a week or so and lots of people publish stuff about self-employment. Even the Bank of England’s Monetary Policy Committee were discussing it earlier this month, describing it as a “striking feature” of the UK’s labour market while holding a “range of views” as to the possible reasons for it. As Ben Chu noted, this is a polite way of saying that they disagree, which is not surprising given the ambiguous and sometimes contradictory data on self-employment.

Of course, this didn’t stop the government putting its own spin on the MPC’s comments. Ian Duncan-Smith claimed that welfare reforms were reviving Britain’s entrepreneurial spirit, citing the Bank of England in support, even though there was no reference to entrepreneurialism anywhere in its report.

What the MPC did say, however, was that benefit reforms might have been one of the factors leading to higher rates of self-employment…

View original post 615 more words

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: