Header logo
Log in

The Courage Economy

Today, one in every 13 workers in the UK are self-employed. They provide vital support to businesses across the UK, making a huge contribution to our economy and our society in the process.
 

We believe they should get a better deal in return. In this manifesto, we show what that deal could look like.

Hero image Manifesto

Key recommendations

This is a unknown image
This is a unknown image

Proper ministerial oversight of HMRC

Despite the size and scale of the department, HMRC operates largely independent of ministerial oversight. Because of this, taxpayers often feel that they have no recourse through elected politicians where the department is acting unfairly, inefficiently or carelessly.

 

IPSE believes that HMRC should have proper ministerial oversight. This would ensure that the department’s activities – from enforcement to customer service – are checked and backed by a cabinet level minister.

This is a unknown image

Stop obscenely long payment terms

Payment terms of 60 days – offered on a ‘take it or leave it’ basis by powerful clients – are far from uncommon, whilst 90 day and 120 day terms are not hard to find, despite legislation intended to prevent it.

 

The UK should mirror Belgium’s approach of updating legislation to deem contractual payment terms longer than 60 days to be null and void, defaulting to the statutory schedule of 30 days.

This is a unknown image

Equalise the maternity allowance for self-employed mothers

Extend the Maternity Allowance to the first six weeks of leave to bring its coverage in line with Statutory Maternity Pay whilst also allowing the self-employed to access Statutory Adoption Pay. There is no justifiable reason why these benefits remain exclusive for employees.

This is a unknown image

Scrap the off-payroll working rules

The IR35 reforms are anti-business and a barrier to growth. They are directly responsible for keeping one in 10 contractors out of work.

 

Rather than forcing people to work in a way that fits with the tax system, we need a tax system that fits with the way people are working, and will continue to work. 

 

Government should scrap the off-payroll working rules and work constructively with industry to find a way to tax work fairly.

What's the Courage Economy?

Freelancers, sole traders, contractors, side hustlers – anyone who makes the bold choice to strike out on their own and become their own boss. It’s a choice that embodies flexibility and autonomy in work, as well as the courage to trade the stability of employment for the opportunity to build your own business.

Together, the millions of people who work for themselves add £330 billion to the UK economy. They help businesses to recruit flexible talent, deliver major projects and achieve results that couldn’t be reached without them.

Despite this, we believe the self-employed are underrated in Westminster. Policymaking too often fails to keep the self-employed front of mind, meaning they miss out on the benefits of change solely because they work for themselves, rather than someone else.

The party that fully embraces the self-employed at this election stands to win the support of up to 4.3 million people. With this manifesto, we’re calling on the government to make the self-employed a policymaking priority, unlocking the full potential of this dynamic part of our economy.

Image block Campaign manifesto 1

The latest self-employed news and opinion:

What government gets right and wrong with its new Fair Payment Code 2
What government gets right – and wrong – with its new Fair Payment Code
+3 more

Fred Hicks looks at the problem of late payment for freelancers and weighs up whether the government's new Fair Payment Code will make a meaningful impact on the ...

05 Dec 2024
Fred H
Fred Hicks
Securing a mortgage when self employed 2
Four in ten self-employed consider giving up their business to get a mortgage

Nearly four in ten self-employed people have thought about giving up their entrepreneurial lifestyle just to secure a mortgage. But, with the right preparation an...

02 Dec 2024
Author default profile picture
Chase de Vere
Which expenses can the self employed claim at Christmas 2
Which expenses can the self-employed claim at Christmas?
+2 more

The festive season is a chance to celebrate another year of hard work, thank clients and colleagues, and relax after filing your tax returns for the last financia...

28 Nov 2024
Author default profile picture
Dan Thornton
IPSE-LOGO-HEADER

Join our newsletter

Registered in England and Wales, no 03770926. Lynton House, 7-12 Tavistock Square, London WC1H 9LT