Since Brexit, permanent placements are down to their lowest since the recession, which means the UK is relying on contractors to get back to a strong economy.
According to the Bank of England, the UK workforce is undergoing a major shift thanks to the hard work of umbrella company contractors and freelancers.
Whilst some of us were hoping to have seen the end of the doom and gloom that has been dogging us for the last few years, it will be at least another three years before the British high street starts to recover from the recession and even then the prospects of a full recovery before the end of the decade are not looking good.
The eyes of the world will be on the UK this year and umbrella company contractors have a role to play in promoting the contribution small businesses make to the country’s economy.
Umbrella company contractors might be interested to learn that despite the continuing economic turmoil at home and abroad this year, experts predict that more than 470,000 new businesses will have been created before the end of 2011.