UK's Gig Economy: Financial Implications for Workers and Businesses
UK’s Gig Economy: Financial Implications for Workers and Businesses The gig economy in the United Kingdom has witnessed exponential growth in recent years, reshaping the nature of work and employment relationships. While it offers flexibility and opportunities for workers, it also raises critical financial questions for both individuals and businesses. In this article, we will delve into the financial implications of the gig economy on workers and the businesses that operate within this evolving landscape. The Gig Economy Landscape The gig economy, often referred to as the “freelance” or “on-demand” economy, comprises a diverse range of workers who engage in short-term, flexible, and project-based work arrangements. These individuals, known as gig workers or independent contractors, offer their services to clients or platforms for specific tasks or projects. Key features of the gig economy include: 1. Flexibility in work hours and locations. 2. Diverse job ...