According to a study from the U.K.'s Aldemore Bank, nearly three in 10 British workers (29%) plan to become self-employed.
This despite the UK having a very robust traditional job market, with the unemployment rate at a decades low of 4.3%.
Of those planning to become self-employed, 18% say they intend to make the move in the next year and 28% say they will do so in 3 years.
They found that 90 percent of the self-employed said they enjoyed being their own boss.
They also found over half said they made more working for themselves than in their prior jobs.
In terms of challenges, about half of the self-employed reported having experienced irregular income and 7 in 10 said it's harder to get a mortgage when you're self-employed (the bank that did the study provides a special mortgage for the self-employed).
Regular readers will notice these findings are similar to pretty much all of the studies on the self-employed.
This includes the finding on the percentage of Brits planning to become self-employed. It's similar to our study results (and other study results) on U.S. workers.
Over the 7 years of the MBO Partners State of Independence study series, we've consistently found about 14% of Americans say they plan to become self-employed over the next 2 years.
The Aldermore study found about 14% of Brits plan to become self-employed over the next 3 years.
Our research shows only about 15%-20% of the people who say they are going to become self-employed actually do so. But it still adds up to a lot of people.
It's interesting the numbers are consistent across the two countries, especially since both are currently experiencing strong traditional labor markets.
This shows there's consistently a strong interest in becoming self-employed, regardless of the state of the economy and traditional job markets.
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