Latest Contractor News
Keep up to date with all the latest contractor news. We have written everything in plain English, so there’s no need to go to the overly complex HMRC website to learn about any tax and accountancy related updates.
Self-employment numbers continue to fall
IPSE: ‘The self-employed are vital for economic recovery, but huge swathes of the sector have been undermined and left behind’.
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Number of self-employed struggling with mental health on the rise
IPSE: ‘One of the most practical things government can do is help stave off the financial worries of freelancers and the self-employed, since this sector has been hit harder than most by lockdown and the pandemic’.
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Temporary billings return to growth
REC: ‘Temporary work is critical in any recovery - businesses turn to temps to help them ramp up and meet demand while the future looks uncertain’.
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IR35 private sector delay encouraging employers to ‘get it right this time’
Kingsbridge Group: ‘It is important to remember that even when using HMRC’s own statistics, the vast majority of PSC contractors are, and will remain, genuinely self-employed and therefore “outside” IR35 following the planned reforms’.
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More people could survive a year on savings, compared to pre-lockdown
Lockdown has resulted in more UK adults having greater confidence in their own personal financial resilience.
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Total job postings reach 1.12 million
REC: ‘The trend of improvement in hiring we are seeing may be slow, but it is sure. As schools re-open and more businesses open up workplaces, we expect to see more adverts as firms change to reflect the new normal’.
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Contractors increase opportunity to create more jobs
Research shows that the use of contractors enhances employment growth by improving productivity.
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Lack of self-employed support driving down numbers
IPSE: ‘We are already seeing the consequences of the gaps in support in the steep drop in the number of self-employed people last quarter’.
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