Self-employment up 24% since 2008

Nearly a quarter of self-employed workers have been their own boss for less than two years, according to research on behalf of Kensington.

The survey found that 24% of self-employed individuals have been working this way for less than two years.

Given that the research also found there are five million self-employed workers in the UK, this means that 1.2 million have started working for themselves since March 2008, after which time the economy contracted for six quarters.

Charles Morley, head of sales and product development at Ken-sington, says: “Many of these individuals are enjoying successful careers but because of the way lenders process applications many will find it hard to get mortgages.”