LV= research reveals 'precarious' finances of self-employed

Nearly five million in UK

Adam Saville
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LV= research reveals 'precarious' finances of self-employed

More than one in 10 contractors and part-timers would not last without savings

A survey of self-employed, part-time and contract workers by LV= has revealed how exposed their finances are to an injury or illness. It showed that 11% would not be able to last any time at all without using long-term savings, while 30% said they would run out of money in less than a month. Nearly half (48%) said they could not turn to friends or family for financial support and one in 10 said they would be forced to turn to credit cards or payday loans. The findings come after the ...

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