"Britain is fast becoming a nation of moonlighters, with more than 16 million people now running a side hustle and earning hundreds of pounds a month to cope with the cost-of-living crisis - but HMRC is now sounding the alarm. This marks a 158% increase since 2023, when just 6.2 million Brits were estimated to have a side hustle, according to figures reported by Patrick Cannon, Barrister-at-Law. New research by side hustle experts at OddsMonkey, covering 2025, shows that almost two in five Brits (39%) earn extra income on the side, pulling in an average of £914 a month (£210 a week)."
"The most popular way to earn extra cash is by selling unwanted items: 68% sell second-hand goods online via platforms such as Vinted, eBay and Depop Average earnings: £165 per month Other popular side hustles include selling crafts (£163), baking goods (£183), renting out a spare room (£241), blogging (£231), and selling beauty products (£249 per month - the most profitable). While beauty sales bring in the biggest returns, crafting and baking were rated the most enjoyable, showing Brits want extra income without sacrificing happiness."
More than 16 million people in Britain run side hustles, a 158% increase since 2023 when 6.2 million had side incomes. Almost two in five adults (39%) earn extra income, averaging £914 a month (£210 a week). Nearly half (48%) fear they cannot cover household bills and 28% worry about rent or mortgage payments. The most common activity is selling unwanted items online (68%), averaging £165 per month. Other income streams include selling crafts (£163), baking (£183), renting spare rooms (£241), blogging (£231), and selling beauty products (£249). HMRC warns many fail to declare side income.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]