Public sector contracts unlikely to dry up immediately

Umbrella company contractors working in the public sector can take comfort from recent comments made by Sir Peter Gershon. Gershon has already published a review into public sector efficiency in the UK and he was a special adviser to the Tories during the run up to the recent election.

GDP growth is good news for umbrella companies

Contractors, recruiters and umbrella companies across the country would have been pleased by the official growth rate figures, released yesterday. According to the Office of National Statistics (ONS), the UK Gross Domestic Product (GDP) grew by 0.2% during the first quarter of 2010.