Using a large-scale panel data set, we trace the evolution of incomes and well-being around the entry into ‘solo self-employment’ – that is, running a business without employees.
At this event, IFS researchers present the key findings from their latest flagship annual report on living standards, poverty and inequality in the UK, funded by the Joseph Rowntree Foundation.
This report examines how living standards – most commonly measured by households’ incomes – were changing in the UK up to approximately the eve of the current COVID-19 crisis, using the latest official household income data covering years up to 2018–19.
In 2019, the employment rate among 25- to 64-year-olds in the UK reached 80% – the highest on record, and considerably higher than the 76% rate recorded shortly before the Great Recession.
