The chief executive of Hays, Alistair Cox, has some worrying news for those in the public sector who work through umbrella companies and are worried about the loss of their contract.
George Osborne has announced that, as part of the government’s Spending Challenge, the public have submitted more than 100,000 ideas on how the coalition should cut spending.
The Investment Management Association has said that the government must not be detracted from the need to reform the UK taxation system just because spending cuts are being implemented.
The fiasco surrounding HMRC’s attempt to introduce a new system to cope with PAYE codes earlier this year continues with news that PAYE processing errors resulted in a 15.7% increase in underpayments and a 148% increase in overpayments.
On Wednesday, the ONS revealed that unemployment in the UK had fallen for the second consecutive month, but candidates and employers still remain cautious.
In June, George Osborne announced a two year public sector freeze on pay for those employees earning in excess of £21,000 but this will have a detrimental effect according to research carried out by the Institute of Payroll Professionals.