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Labour leadership election results could be good for independent professionals

With the news awash with details of the Labour party leadership, plenty of people are keen to establish how his position could affect them in the future. Although the next general election won’t be for some time, having a significant personality in opposition can change the way parliament acts, influence decisions which might otherwise have […]

By Alex Graham on 15 Sep 2015
Read time: 3 minutes

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With the news awash with details of the Labour party leadership, plenty of people are keen to establish how his position could affect them in the future. Although the next general election won’t be for some time, having a significant personality in opposition can change the way parliament acts, influence decisions which might otherwise have been taken unopposed, and apply some serious pressure to those in power.

The Association if Independent Professionals and the Self Employed are keen to ensure that they forge close links with the new team leading the Labour party, not least because they are relying on all the major parties to acknowledge the importance of the independent workforce.

At first glance, Jeremy Corbyn seems like a potential ally to those who work for themselves and his ‘Better Business Plan’ was designed to improve the position of small businesses, independent professionals and entrepreneurs. His intention with the plan is intended to bring about an environment of co-operation which will improve things for the wider community.

His key policies under the plan include a freeze on rates for small businesses, the formation of a National Investment Bank which would provide financial support for businesses in key sectors and investment in the digital infrastructure which would make life easier for those who work for themselves. Jeremy Corbyn’s plans also include a review of the social security arrangements pertaining to the self-employed as well as small business owners to provide them with the same level of security that employees currently enjoy. Mr Corbyn also wants to try to introduce a policy which will ensure fair rents, to allow those who need premises to secure rental properties for small businesses and local shops and provide better transport links to ensure that accessibility is not a problem when it comes to improving transportation links for local communities, making high streets more profitable.

Jeremy Corbyn’s ‘Better Business Plan’ also includes a move towards raising the minimum wage, providing more disposable income for those who are at the lower end of the earnings scale to enable them to contribute more to the consumption economy. He also wants to ensure that more resources are directed towards HMRC and Companies House to ensure that corporate tax avoidance can be tackled as effectively as possible and to provide support for small businesses which will allow them to compete effectively with multinationals. His plans to reverse cuts to the adult skills budget should ensure that more people are provided with the educational opportunities they need to be successful in whatever fields they choose.

If you are considering going it alone, but want to know more about how potential changes in legislation could affect you, then having a specialist freelancer accountant on hand to answer your questions and provide advice could be the best way to stay ahead of the game. Our friendly team are always happy to answer any questions you might have, so call today on 01253 362062 or email us at contractoradvice@nixonwilliams.com to learn more about our packages.

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We will never share your data with anyone without your permission. Read our Privacy policy to see how we use your data.