Gig economy to hit Treasury in pocket

Official forecasts say lost revenue could cost £3.5bn a year by end of this parliament

Bikers Food Delivery
(Image credit: Eric Feferberg/AFP/Getty Images)

Changing employment practices brought on by the rise of the gig economy could have a "significant" impact on government finances, one of the Prime Minister's top advisors warned.

Matthew Taylor, who has been appointed to review modern employment practices, said the growing number of people self-employed and working for companies such as Uber and Deliveroo means the government is set to lose out in tax revenues.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us