When BookMachine asked for an opinion, I couldn’t not comment. Read the full article here, or grab the snippet below:
Outrage abounds in the wake of Philip Hammond’s 2017 Budget announcement on Wednesday. Amongst other controversial moves, National Insurance (NI) payments on the self-employed have been increased by 2%. But what effect will this raise have on the growing number of self-employed and freelance workers in the publishing industry?
Let’s start by looking at the cold, hard figures. The 2017 Budget has brought in a 2% rise in NI contributions for the UK’s self-employed workers. The self-employed normally pay one of two different kinds of NI: Class 2, if your profits are £5,965+ per year, and Class 4 if they are £8,060+ per year. Class 4 payments are divided into two categories: 9% on profits of £8,060-£43,000, and 2% on profits over £43,000.
Having heard some pretty serious stats about training given to newbie publishers lately, I felt inspired to write a piece about the Autumn Statement, productivity, and the shift in attitude towards training and skill-building support that needs to happen in publishing. The full article is also FREE to read over on BookBrunch. Here’s a snippet:
Training and skill drain: affecting productivity in publishing
Research shows that publishers are failing to invest in the skills they need
In his Autumn Statement last week, Chancellor Philip Hammond brought attention to Britain’s sub-par productivity. Our output per unit of input lags 30% behind other economies such as the US and Germany: in the time it takes a German worker to make £1.35, a British worker will make only £1.
Hammond’s remedy involves a £23bn National Productivity Investment Fund, which will be used for the most part to invest in infrastructure such as roads and affordable housing. However, fixing productivity involves more than this kind of investment. As Katie Allen pointed out in the Guardian over the weekend, “when it comes to appearing to be doing something about the productivity puzzle it is far easier to talk about roads than the thorny issue of Britain’s addiction to low-paid, low-skilled work”. This is an issue that comes down to attitude.