Contractors sometimes lose the opportunity to secure a government contract because the department in question demands that bidders already have security clearance.
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.
SMEs and umbrella companies have been struggling to get much needed finance from the banks and Vince Cable has now put forward the government’s proposals to force the banks to make more funds available for small companies.
The coalition promised to cut the amount of red tape that umbrella companies and contractors are subjected to and yesterday Vince Cable announced the first stage of the plan.