The Fall Of The British Pound: What It Means For UK Freelancers?

These are certainly turbulent times and seeing the headlines lighting up with news of the British Pound sinking to all-time lows is another concern for those of us freelancers based in the UK. The global markets and political choices are leaving a lot of us feeling unsettled and worried about the coming months. The tough reality is that most of us are seeing the value of our earnings, savings and pensions dropping before our eyes. We were already navigating a cost-of-living crisis, and bracing ourselves ahead of a tough winter – which impacts freelancers especially because we mostly work from home and pay more in energy bills as a result. Now, with the British Pound threatening to go into free fall, we need to think about just how tough this period could be. As freelancers, many of us have less security than those in traditional jobs. We are often more vulnerable to economic shakes. But letting fear and anxiety take over the steering wheel is not a great solution during challenging times. It’s important to remember that while we don’t have control over external events, we do have control over how we respond to the situations we find ourselves in – so this is where we should put our focus. So let’s stop, take a breath and think about what we can do now to best insulate ourselves against further economic shockwaves. Of course, I’m certainly no financial adviser and there are much better-qualified people to give advice than me, so please do wider research and seek relevant support and help too. Continue reading here: https://freelancesuccess.co.uk/british-pound-freelancers/