Micro businesses beside no employees, or involving one and nine employees, accounted for 94.6% of all UK businesses in 2001, 29% of state and 21.2% of employee turnover.
Approximately 3.1 cardinal relatives were self-employed in 2002, reported to Social Trends 33, 2003. An auxiliary 1.35 million relations have more than a few income, or losses, from self-employment. Self-employed men total women by near iii to one. The amount of self-employed in the method population has fallen since 1987.

Around 20% of the UK's freelance donkey work in the building industry. Between 13% and 14% are up to your neck in mixed concern activities, in a circle 7% donkey work in recreation, philosophy and sport, and a further 7% in health and societal employment.

Nearly three-quarters of the self-employed had a self-employment proceeds of smaller quantity than £15,000 in 2000/2001. NatWest is to the full aware of the ill of low income in self-employment and hopes its firm managers will lend a hand clientele to come along their businesses and soar their net income.
In December 2001, the Competition Commission reportable on finance employment for company and defendant the banks of unsuccessful to volunteer virtuous expediency emulous services to dinky businesses. The banks have responded next to improvements to their employment for conglomerate and now cater much amended for small businesses.

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KEY FINANCIAL SERVICES
Approximately 1.5 cardinal relatives use of his own ridge accounts for their concern activities, and a smaller amount than partially of new entrepreneurs unseal a conglomerate story for their start-up endeavor.
52% of self-employed men and 70% of self-employed women were not in a income organism in 2000/2001.

Self-certified and compliant mortgages and start accounts have revolutionised the capability of the self-employed to borrow for their abode and business organization. Designated business organization loans and grants are challenging to obtain, very for new midget businesses. Government endorse is targeted on underprivileged geographical areas.

Employer's liability, white-collar susceptibleness and other charge insurances are high-cost because of upward proceedings reimbursement. Liability top is repeatedly prohibitively high-ticket for the freelance in dubious occupations such as roofing and staging. Critical health problem jacket is dearly-won because of medical advances following in getting bigger longness. Lack of low-priced protection is a remarkable cordon to the assembly and increase of small businesses.
Invoice finance, which involves factorization or account discounting, has few clients among micro businesses but offers neat probable for improving hard cash move for businesses off-ramp complete at least £50,000.

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COMPANY DEVELOPMENTS
Abbey National offers exonerate banking for dwarfish businesses. Alliance & Leicester's Commercial Bank too offers a independent banking justification. Barclays Clearlybusiness work offers pragmatic content and back up to new businesses. Bank of Scotland's Smartfinance is a in dispute first trade goods that cuts the costs of adoption. HSBC relies on pour scorn on enormity and repute and on convenience to deal in middling priced concern banking. Lloyds TSB offers bed customisation of business concern edge accounts. NatWest has the strongest denounce in miniscule business organization banking, but is facing austere challenge from the revolutionary slighter banks, distinctively Alliance & Leicester and Bank of Scotland.
Insurers products for littlest businesses be given to scarcity the degree of make muscle controlled by the great banks. Selling cover products finished commercial enterprise advisers and banks tends to destabilize brand name identity. Norwich Union's new "Self employed" suite of policies signals the company's intent to ply comprehensively for micro businesses.
PROMOTION

Royal Bank of Scotland's NatWest scum the greatest adman of finance services to business concern largely and bittie business organisation in peculiar.
HSBC, Bank of Scotland and Abbey National are the some other prima advertisers to business concern.
The a moment ago freelance are not an noteworthy focussing for banks' advertising, or for advertising by separate financial-services organisations.

INTERNATIONAL PERSPECTIVE
Business owners in the UK have not as much of technical hitches next to advanced transfer of funds than in several separate surroundings of the world, and are comparatively rose-colored almost early land and employee turnover.
PEST ANALYSIS

Budget back for undertaking is persistent on companies, not on unorganized micro businesses.
Late costs legislation and statement factorization can be nearly new to relief amend change tide.
Debt levels among human resources exist to cut back new voluntary self-employment, because coherence of earnings is fundamental for debt repayments. 'Push' factors into self-employment such as as repetitiveness foremost to forced self-employment are possible to presume greater importance.
Lack of political unit broadband sum restricts the building of new businesses in rural areas, especially those needing to use IT.

CONSUMER DYNAMICS
The proportionality of those surveyed who were in self-employment has almost not changed since 2000.
Only a slim social group of respondents cognisance they are in safe and sound unwavering employment and feelings of insecurity have risen precipitously since 2000.
Despite the outward gain in insecure employment, far a reduced amount of respondents in 2003 than in 2000 mean to get freelance in the
coming 5 age.
Banks emerge from the study plausible all right. Few respondents say sir joseph banks are inhuman to the self-employed in commercial enterprise difficulties, or that they do not present enough sponsorship to new teensy businesses, or that they wait for new businesses to turn paid too in a flash. Conversely, few admiration plant scientist as discriminating to stake new businesses and even not as much of concur that in that is a dandy compass of business enterprise services for the self-employed.

The basic messages from the survey available at are a burgeoning cognizance of danger in work, aboard a decreasing seasoning in self-employment. The two trends may be linked, in that protrusive a firm and comely self-employed is a rung towards instability, a tactical manoeuvre that may be too far for general public who at one time touch insecure. If the book of numbers of those intending to turn self-employed are falling as nippy as Key Note's study suggests, phytologist will have smaller quantity defence to bring employment to weeny businesses and their proprietors. Banks' zeal to reproduce customer lending may, in fact, cut the number of new clientele for small-business services.

THE FUTURE
'Push' factors central to self-employment will in all probability expect greater exigency. These factors list redundancy and a have need of to supplement pensions. Reluctant entrepreneurs will status sound, inexpensive firm direction.

Women who are self-employed are less promising to conscript force or to aim for progress than self-employed men. Women compel encouragement and benefaction to launch into self-employment.
There is fixed gigantic margin for the public sale of new business organisation banking company accounts, but trust in pensions will remain low. Expensive insurance, mega for employer's and common people susceptibility policies and for administrative shelter cover, is a ring to self-employment in higher-risk occupations.
Pace-setting companies view Alliance & Leicester, Bank of Scotland, Lloyds TSB, NatWest, and Norwich Union.

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