Recent research conducted by HSBC has discovered that 29% of people in the UK think their job is not secure over the next year and 37% believe the same will be true over the next three years.
Good news for umbrella company contractors working in the renewable sector comes from Vestas, the wind turbine manufacturer, which intends to build giant turbines in Kent.
Lord Oakeshott, the former Liberal Democrat Treasury spokesman has accused the UK banks of hindering the economic recovery by refusing finance to small enterprises and charging extravagant rates when they do.
Accountants claim that HMRC is adopting threatening behaviour towards innocent tax payers and umbrella company contractors in a bid to gather in more income.
Umbrella company contractors may be interested to learn that HMRC’s Real Time Information system is to go ahead, starting with a pilot scheme next year.
Umbrella company contractors might be interested to hear that the government will be distributing £450 million of funding over the next few months to deprived areas as part of its regional growth fund initiative.
Umbrella company contractors may already be aware that some industry sectors are doing better than others. Prospects in the IT and telecoms sector for example are blooming whilst public sector opportunities are diminishing fast for obvious reasons.
Umbrella company contractors that have spent the majority of their time working in the public sector may need to learn a new language if they want to survive in the business world.
Although the new tax changes have been widely publicised, it appears that a lot of people, including umbrella company contractors, are still unaware of the effect they will have on their personal finances.