UK limited company contractors may want to seek the advice of an accountant now that the coalition has struck a deal with the Swiss government in a bid to win the battle against offshore tax evasion.
IT contractors working through an umbrella company might be set to benefit from a new round of government investment.
The Cranfield School of Management thinks the implementation of AWR will cause small business owners to think more carefully about using workers from umbrella companies.
Umbrella contractors may be interested to learn that the September Job Index from Reed showed falling job demand in a range of sectors. The index fell back one index point compared to the previous month, although demand is still up 16% year-on-year.
The Chancellor of the Exchequer, George Osborne, said recently that the government will be unable to cut taxes this parliament due to the global economic crisis.
The Bank of England says that the quantitative easing programme that was rolled out after the credit crunch boosted the UK’s economy by 2%, adding weight to demands for the Bank to print more money.
Vince Cable, the business secretary, says that the suggestion to set up a new government funded bank to lend to SMEs, would not be effective in tackling the crisis those businesses face when trying to obtain credit.
While a large number of the UK’s young people remain unemployed, there is a shortage of junior talent with experience in media and creatives, according to the chairman of Aspire Global Network.
Despite the slow growth in the UK economy, contractors such as those working through umbrella companies are doing surprisingly well, according to a new survey by the PCG.
Umbrella contractors might be interested to learn that the REC’s legal helpline has been swamped with calls from members querying the implementation of the Agency Workers Regulations, which come into force today (Saturday, October 1st).
