The Department for BIS recently published statistics which show just how dependant the UK economy is on small businesses. In fact SMEs provide 60% of all the UK’s employment.
Umbrella contractors will be interested to learn that Maria Miller, the Parliamentary Under Secretary of State for Work and Pensions, has said that flexible working should be thought of as a normal way of working.
Hays, the international recruiter, has said that 45% of those working in the public sector are either facing redundancy or looking for alternative employment.
APSCo, a group that represents many of the recruiters that umbrella company contractors work with, has become the latest organisation invited by the Revenue to join the IR35 Forum.
Despite the new Bribery Act coming into force on the first of July, one in seven people who work in large organisations are prepared to offer cash bribes in a bid to secure business. Furthermore, nearly 50% are not aware of an anti-bribery policy in the company.
The Rt Hon Margaret Hodge MP has said the point based system for immigration has room for improvement, especially when it comes to the rules regarding intra-company transfers.
There is a substantial gap between the anticipated incomes of men and women in retirement, according to the Class of 2011 study from Prudential. Men expect an average income of £19,400 per year when they retire, whilst women anticipate just £12,200.