SMEs and contractors face up to public sector cuts
Nearly 150,000 small businesses in the UK are facing fears that they may become insolvent if they cannot maintain their contracts with the public sector.
Government implements savings regime
In a recent announcement by the Government, its Spending Challenge has borne fruit in that three ideas submitted to it through both public sector workers and members of the public will soon be implemented as new governmental policy.
IT contractor pay rates are not keeping up with demand
New data revealed recently illustrated that while IT contract worker demand has risen lately, pay rates for IT contractors has not kept up.
Contractors contacted by HMRC told not to bury their heads in the sand
Due to recently discovered errors, HMRC has sent out its first round of approximately 45,000 letters to taxpayers, potentially including umbrella company contractors, informing them that their taxes were wrong. The total number of letters sent out should top 6 million by the end of this year.
Good news for UK contractors
According to new data released from the British Chambers of Commerce, contractors across many UK industries may be in for some good news: the BCC predicts that British GDP will rise by 1.7 per cent this year and 2.2 per cent the following year.
PAYE errors causing umbrella company contractors headaches
Nearly six million UK taxpayers, including umbrella company contractors, are due for a rude awakening, thanks to an error in the PAYE system.
Just waiting for the worst. It might be yet to come
New data collected by a recruitment financer has revealed that the most deleterious effects of the global economic downturn are still to come for small and medium sized businesses.
Bankers swerved supertax
Financial recruiter Goodman Masson’s director Richard Hoar recently stated that the so-called banking “supertax” has not precipitated the mass exodus of financial services staff that industry experts had been fearing.
PAYE employees suffer from training burn out
Umbrella company contractors should consider themselves lucky not to have to undergo the sort of company training that many PAYE employees undergo, which often has no underlying purpose.
Despite projected GDP growth, the economic rollercoaster continues
Within 5 years, unemployment levels will reach 10% in over half the regions in the UK predicts the CEBR.
Economic recovery in Scotland to slow down this autumn
The chief economist at the Bank of Scotland has predicted that the Scottish economic recovery is going to slow down in Q3.
Doom and gloom for public sector umbrella company contractors
The chief executive of Hays, Alistair Cox, has some worrying news for those in the public sector who work through umbrella companies and are worried about the loss of their contract.
