Freelancers Feel the Threat of a Brexit No Deal

STRUGGLING FREELANCERS - Following the news that Boris' final offer to the EU in a last-gasp attempt to salvage a deal has already been deemed unacceptable by the Irish government, the UK economy stands to lose a huge chunk of the income generated by the near 5 million freelancers across Britain the CEO Nick Woodward, CEO of ETZ Payments.

Freelancers and gig-economy workers currently contribute roughly £130 billion to the UK's economy, but many are already in dire financial straits. In the event of a no-deal Brexit, it is likely that we would see a huge drain of highly skilled freelancers back to the continent, leaving the UK with a major lack of freelance talent. Furthermore, the EU VAT refund system would no longer be available to UK freelancers in the EU or EU freelancers in the UK, leading to administrative burdens and delays in receiving refunds for the gig economy workers. Both UK freelancers in the EU and those from Europe working in the UK may also have to start paying social security contributions to both the UK and their country of origin, which could dissuade them from staying in their foreign country.

ETZ Payments' research reveals that 2.6 million skilled freelance workers regularly miss bill payments due to not being paid on time and have had to turn to payday lenders due to unstable pay. A no-deal Brexit is set to have major repercussions says Nick which will make earning a living from freelancing an even more daunting prospect.

ABC Comment, have you say below: