Industry bodies respond to Osborne’s speech
As expected, the government’s Comprehensive Spending Review confirmed that a significant amount of jobs will be lost in the public sector.
The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
As expected, the government’s Comprehensive Spending Review confirmed that a significant amount of jobs will be lost in the public sector.
Our economy should escape a double dip recession, but we will see growth slow down, according to the BCC.
Business rates have increased dramatically even though the previous government pledged to help companies through the recession.
Umbrella company contractors looking for executive roles will have been encouraged by the recent comments of Dr John Philpott.
The latest JobsOutlook from the REC shows that the overall jobs outlook is still mixed, but in the short to medium term, employers are making more use of temporary agency workers and contractors.
For the six month period beginning March this year, nearly 40,000 new businesses have been launched, a rise of 13% on the previous period, according to a study from the Royal Mail.
Lloyds Banking Group recently announced it was to cut jobs, a move that will affect 1,150 umbrella company and limited company IT contractors in the UK.
HMRC have launched a new consultation that could result in major changes on the horizon for PAYE. The PAYE business processes were introduced in 1944 and have not changed in the following 66 years.
Professionals and employers are showing signs of increased confidence as the unemployment rate falls, according to Hays Recruitment.
Despite the economic downturn, IT outsourcing has increased, according to a study by Computer Economics. Since the recession started, companies have increased the amount they spend on outsourcing services.
HMRC is likely to become more vigilant when it comes to scrutinising the tax affairs of umbrella company contractors, freelancers and entrepreneurs.
The controversy regarding the Agency Workers Directive continues, as in fact it is likely to so do for some time to come. Although the AWD does not come into force until next October, the recruitment industry is already starting to prepare for implementation.
Despite the decline in demand last month, the ICT sector is still looking healthy, according to the REC’s latest Report on Jobs.
Contractors working in the retail sector have seen their rates slashed since the recession began, according to Interim Partners’ director of retail and consumer.
The PCG is holding Mastermind sessions throughout the UK in the run up to National Freelancers Day (November 23rd).
The services sector showed modest growth last month, according to the most recent Markit/CIPS Business Activity Index.