The self-employed population in the Mining and Quarrying sector in the UK has shown a slight but consistent decline from 2024 to 2028. The number of self-employed individuals was 4.15 thousand in 2023, decreasing to 4.09 thousand in 2024. The forecasted annual decline continues through 2028, ending at 3.93 thousand. This trend underscores a year-on-year decrease of around 1%. The compound annual growth rate (CAGR) over this period is negative, indicating a consistent downward trajectory, averaging a decline of approximately 0.8% per year over the five-year period.
Future trends to watch for include the impact of technological advancements and efficiency improvements in the sector, potentially leading to reduced demand for self-employed workers. Additionally, regulatory changes and environmental policies could further influence the scale and scope of mining and quarrying activities, thereby affecting self-employment rates in this sector.
