[Pen] Going it alone is scary, but rewarding. You may find it hard the first 18 months, but you will never want to be a wage slave again. Make sure to use the tax system to your advantage. Make a fat loss (on paper) for a while, and watch out for IR35 if you get a long contract.
[Pen] Congrats! Knowing just how stupid your employer is, rather than being frequently surprised, is the best bit of being self-employed. Btw, you heard it here first, but I'm planning that by the end of 2007, I'll have converted my skittle alley into a microbrewery to supply both my own pub and the free trade/festivals. It'll be the only brewery in the City of Leicester. With pub and brewery combined, I could (just about) achieve my ambition and have a £1m turnover by 2010. Thank God only half of it will be cash!
[pen] Hooray for freelancing, for all the reasons gil said (actually I'm on staff at the moment, but I behave like a freelancer and they let me, so hooray indeed for that).
[penelope] Thanks - I'm getting involved in a bit of PR satuff at the moment, now that you mention it. I'm liable to have my 15 minutes (seconds, to be honest) of fame in video format on the Everards recruitment web site. There may also be a blog on the way - again for my supplier's recruitment purposes. [Chalky] Sorry, no brew(st)ers required , although I sense a need for a multitude of tasters.