Self-employed in 'confident mood'

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Self-employed in 'confident mood'

The next six months could be about to prove fruitful for self-employed people in the UK with six out of ten confident coming into this period, according to new research.

Kensington Mortgages Self-Employed Index sought to analyse the market in terms of goals and motivation for the next six months and it found that nearly a third of this group are "very confident".

An increase in turnover is expected to be achieved over the course of the next year by 73 per cent of the 25 to 34-year-old age group, making this group the most confident in terms of takings.

Ian Giles, director of marketing at Kensington Mortgages, stated: "Knowledge is power and, with the number of people working for themselves growing all the time, the Kensington Mortgages Self-Employed Index can help put advisers in a very powerful position."

However, Mr Giles warned that current uncertainty over the Bank of England base rate could affect the buoyant mood being enjoyed by the self-employed.

Further findings of the research showed that although turnover growth was expected by most this year, the majority were not looking to expand the amount of employees they had - just six per cent were expecting to employee more workers in 2007.

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