Unprecedented numbers of people are making huge changes to their lives despite economic uncertainty, changing work patterns and less job and financial security, according to a new report.

The report by think tank Britain Thinks and commissioned by Investec Click & Invest describes the trend of more people making radical changes to take control of their lives as ‘resetting’.

The report revealed that over one third of the British population have already ‘reset’.

A further 32% of the population are planning to make major adjustments, such as changing to a more rewarding career, setting up a new business or even turning a hobby into a profit-making venture, in the next five years.

According to the report, approximately one third (30%) of existing ‘Resetters’ have created their own business, while 22% have made a hobby pay — a new group of entrepreneurs the report calls ‘Hobbypreneurs’ — and around 30% have changed careers to do something more rewarding.

This trend has become prominent in light of increased uncertainty, a post General Election snap poll conducted as part of the analysis revealed.

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Around 85% of the population would now like to have even greater control over their future, and over half (56%) are now likely to make a major change in the next five years.

Viki Cooke, founding partner of Britain Thinks, said: “Our research identifies that across the population there is a move towards empowerment as people recognise that in a world of increasing uncertainty, they need to take control of their lives and ‘Reset’. This has implications for work and careers, lifestyle and financial planning. We see this as a societal trend which is set to continue.”

Jane Warren, CEO of Investec Click & Investec, said: “We commissioned this report to ensure that we really understand the way our clients are thinking.  What is exciting is that people are approaching their futures in a positive, planned and strategic way to ensure they live their lives the way they want to.  This includes carefully and considered financial planning and decision-making.”

Investec Click & Invest, the new online investment management service for individuals with £10,000 or more to invest, was unveiled in June 2017.