Should umbrella company contractors put their faith in an ISA?
Although the government spending cuts may not have a direct impact on everybody, it’s worth bearing in mind the underlying message that the coalition is trying to get through.
The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
Although the government spending cuts may not have a direct impact on everybody, it’s worth bearing in mind the underlying message that the coalition is trying to get through.
There is a mixture of cautious optimism and trepidation amongst freelancers as we start the countdown to 2011. We still have to see the full impact of the government’s CSR and a lot of umbrella company contractors are feeling anxious about their future prospects.
Although many people in the UK say they are worried about the state of their own finances, 67% of them have not made any changes to their saving habits since the recession started two years ago.
Umbrella company contractors should start considering their retirement now. Recent research, carried out by Defaqto, shows that 44% of adults in the UK are not confident that they will be able to sustain a reasonable standard of living once they retire. That’s a rise from 38% last year.
Contractors will no doubt be pleased to learn that the job market is improving and there has been an increase in the number of vacancies being advertised.
On Monday, George Osborne and Vince Cable announced a fundamental review of the steps all areas of Government are taking to promote the best conditions to encourage growth in the private sector.
Following David Cameron’s ringing endorsement last week; a recent report has further highlighted the strength of the UK’s contracting sector.
Umbrella company freelance managers have a vital role to play in encouraging small business growth and profitability, according to Doug Baird, the MD of Interim Partners.
Contractors could find they have to compete against more people in order to secure a role after Adrian Marlowe suggested that temporary work is becoming a more attractive option for jobseekers.
Freelancers and other self-employed people are being urged to invest in a financial safety net to protect their families in case they cannot work.
Umbrella company contractors need to move quickly if they want to get the best savings deals, according to moneysupermarket.com.
Freelancers will no doubt be relieved to learn that Work Wise UK thinks there will not be a large rise in unemployment next year.
There has been plenty of good news recently for umbrella company IT contractors. Gartner, the industry analysts expect to see enterprise IT spending rebound next year after the last two years in decline.
The REC recently hit back at the way the Department of Health focuses on the money that is spent on locum staff instead of concentrating on the advantages they bring to the National Health Service.
Umbrella company contractors might be interested to learn about the latest unemployment statistics from the ONS.
Umbrella company contractors, freelancers and other self employed workers might not be too happy when they read the recommendations of an influential think-tank regarding Britain’s taxation system.