While unemployment in the UK has been historically low in recent years, large parts of our economy are characterised by insecure work. The UK’s withdrawal from the EU, the Covid-19 pandemic and the cost of living crisis have impacted working life in the UK, accelerating existing trends and producing short and potentially long-term challenges for people in precarious jobs.
Insecure work is not inherently good or bad. However, some of forms of insecurity – particularly when occurring in combination with others – can contribute to higher risk of job loss, lower financial wellbeing and more limited access to important employment rights.
Our UK Insecure Work Index 2024 estimated that 6.8 million people people in the UK (21.4% of the workforce) are in severely insecure work and face the greatest risk of facing these negative long-term effects.
Our analysis shows that structural inequality in the labour market means women, young people, ethnic minority workers and disabled workers are disproportionately likely to be in an insecure job. We’re concerned that some workers are feeling a need to compromise job security to get work that offers the flexibility they need.
Our Insecure Work strand aims to deliver new evidence and ideas to help organisations, policymakers and workers:
- Protect workers from the negative effects of insecurity
- Raise the floor of minimum UK working standards
- Transform the labour market so that everyone has access to rewarding, secure and flexible work.