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Brexit Brits: “I’ll Be Richer Than My Parents and Be My Own Boss”

As the ONS releases its report into young people’s workplace aspirations Vs. reality, the Enterprise Investment Scheme Association unveils a workforce more enterprise driven than EVER before – not to mention richer.

But young people fear for their wealth with 37% of Brits feeling disillusioned by the UK’s corporate career ladder.

As the Office for National Statistics releases its research examining young people’s career aspirations versus reality, the Enterprise Investment Scheme Association (EISA) reveals nationally representative research of 2,007 respondents, as to how Britons perceive their wealth and career opportunities post Brexit. The data unveiled how confident we are to run our own business, become an investor, or work for someone else, highlighting independent enterprise as a more realistic option than ever before.

In terms of where we stand as a nation of investors in 2018 – the nation’s investable finance index is revealed below:

London: £106,096
North East: £33,622
North West: £56,919
Yorkshire and Humberside: £52,540
East Midlands: £47,026
West Midlands: £41,077
South East: £63,038
South West: £37,946
Wales: £52,354
Scotland: £51,368
Northern Ireland £88,447

London Vs the Regions in relation to entrepreneurial aspirations

46% of Londoners feel they are more entrepreneurial than their parents and grandparents vs 30% in the North East and 24% in the North West.

45 % of Londoners feel they have more investible assets that their parents and grandparents vs 27% in the East of England and 35% in the North.

Mark Brownridge, Director General of the Enterprise Investment Scheme Association, has commented on the data: “British people in the workforce today are looking at the world of work differently to both their parents and grandparents. They are more disillusioned with the corporate ladder, and see opportunities to work for themselves as a more attractive prospect.

A decade ago, workers would have witnessed the global financial crash, and since then, they have realised that a traditional career path may not necessarily be the route that they would like to take. Therefore, working for themselves, becoming an entrepreneur, and having a more flexible working structure is a popular alternative to corporate career pathways.

As a society, we need to recognise this shift and ensure that we stimulate it. Investment schemes into SMEs that supports entrepreneurs, such as the SEIS and EIS, should be encouraged to support our future business leaders across the country.”

(Source: EISA)

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