Umbrella contractors will not get tax cuts for Christmas
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.
Would a second round of QE benefit the UK economy?
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.
Small businesses urgently need to access credit
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.
Are there opportunities for young umbrella company contractors in the media sector?
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.
Contractors are doing well despite the slow growing economy
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.
REC phone lines have been swamped with AWR calls
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).
Reversing VAT rate would damage recovery says FSB
The FSB has called on politicians to stop playing politics when it comes to the economic recovery and formulate a realistic plan to help small businesses grow.
How many umbrella company contractors are there in the UK workforce?
People Per Hour recently surveyed 9,000 businesses about their usage of freelancers and discovered that the number of businesses using flexible workers has risen by 68% in the last 12 months.
IR35 enquiries don’t seem to be bringing in the cash
Umbrella company contractors may be interested to learn that HMRC only yielded slightly over £200,000 last year from their enquiries into the IR35 status of self-employed workers.
Overseas investors deterred by excessive UK bureaucracy
Red tape is putting a lot of organisations off investing in the UK, according to recent research from BDO.
Umbrella company contractor uses increases
The private sector is now using nearly as many interims as it did before the recession, according to the Interim Management Association.
HMRC to add 2,250 anti-avoidance tax inspectors
Umbrella contractors might like to know that Danny Alexander, the chief secretary to the Treasury, has said HMRC is to strengthen the size of its team tackling tax avoidance and evasion by adding more than 2,000 additional tax inspectors this autumn.
