Falling behind, the self-employed would sacrifice 10% of their income for an insurance scheme

Two years after the beginning of the COVID-19 crisis, incomes of the self-employed in the UK are still well below their pre-pandemic levels. The number of self-employed workers dropped during the crisis and has not yet recovered. Robert Blackburn and Maria Ventura write that the solo self-employed, representing 85 per cent of self-employment in 2019, may be hit particularly hard by inflation. These workers would be willing to sacrifice, on average, 10 per cent of their income for a scheme providing systematic income insurance.