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 managing economist at the CEBR, Charles Davis, has cautioned umbrella company contractors that whilst the economy in the UK is recovering, the recovery is not yet robust.
Welcome news for temporary workers and freelancers comes in the form of the REC’s JobsOutlook report for June and the ONS.
Employers and recruiters are becoming more optimistic and their confidence levels have reached their highest level this year, which could benefit those working through umbrella companies.
