The forecast for self-employed individuals in the UK’s accommodation and food services sector from 2024 to 2028 shows a slight declining trend in million hours. The sector stood at 253.0 million hours in 2023. From 2024, the hours slightly decrease by approximately 0.03% annually. By 2028, a cumulative reduction of around 0.09% from the 2024 value is projected, indicating a stable yet marginally decreasing year-on-year trend.
Future trends to watch for include:
- Technological advancements impacting labor demand in the sector.
- Economic factors influencing self-employment viability and attractiveness.
- Regulatory changes affecting industry operations and labor dynamics.
