Following it's successful 'on the road' tour, the REC has stepped up it's campaign to educate recruiters and clients about the impact of the forthcoming Agency Worker's Directive.
The stock markets have already taken a battering over the last 48 hours and several leading economists have suggested than anything other than a Tory / Lib Dem coalition could have a devastating impact on the UK economy.
Small businesses, limited company contractors and umbrella companies could be among those affected by a drop in confidence following the result of yesterday's hung parliament election.
It had been hoped that a Conservative government would scrap IR35 but it now appears that this may not be the case. A Tory spokesman said last week that this may not be a viable option.
According to a new report published by Begbies Traynor, nearly 200,000 small businesses in this country are still struggling financially, even though the UK is now officially out of recession.
According to some reports, there are as many as 100,000 umbrella company workers who are predominately based in an office environment, and these are the very people who are set to benefit from a new group established by the REC.
According to data published by the Society of Professional Accountants, as many as 1 in 5 PAYE tax code notices issued by HMRC since the start of the year could be wrong.
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.
The REC's 'On The Road' tour has been set-up as part of an on-going plan by the REC to better educate it's members about the issues facing recruitment in this country, and how they can prepare themselves for the challenges that lie ahead.
The CIPD has predicted that half a million jobs could be cut in the public sector over the next 5 years. This could be potentially damaging to the umbrella company industry, since many workers reside in this sector.