The Association of Independent Professionals and the Self-Employed (IPSE) has welcomed news of deflation in the UK economy.
Last week, the consumer price index figures for September showed that prices had dropped by 0.1%. This news was welcomed by IPSE which said that lower prices and rising incomes were making freelancers and other self-employed people better off.
While deflation is treated cautiously by some economists and politicians, lower consumer prices and, in particular, lower transport costs will directly benefit contractors.