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Contractor Industry News

Construction job creation at one year high

Posted on 16th July 2018

Positive news for those working in the construction sector, as output growth reaches a seven-month high in June.

The latest IHS Markit / CIPS UK Construction Purchasing Mangers’ Index (PMI) shows a solid expansion of overall construction activity, underpinned by greater residential work and a faster upturn in commercial building. 

There were also positive signs regarding the near-term outlook for growth, as signalled by the strongest rise in new orders since May 2017 and the largest upturn in input buying for two-and-a-half years.

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Female IT contractor numbers surge

Posted on 13th July 2018

A recent report has revealed that there has been a significant rise in the number of female IT professionals joining the contracting sector.

Using data obtained from National Statistics, the Nixon Williams report shows that the number of female IT contractors rose by 24.6% between 2016 and 2017 – from 16,568 to 20,648 – a record high.

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Self-employed enjoy higher wellbeing and happiness levels

Posted on 9th July 2018

New findings have revealed positive news for contractors, showing that on average, the self-employed have higher levels of life satisfaction and wellbeing than their permanent counterparts.

The recent report 'The Way to Wellbeing', compiled by the Centre for Research on Self-Employment (CRSE), adopted a new approach to exploring self-employed wellbeing by considering people's overall life satisfaction, based on various aspects of their lives, such as jobs, income, health, family life and leisure. 

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Government policies could damage inflation target

Posted on 6th July 2018

The Association of Independent Professionals and the Self-Employed is urging the government to avoid introducing inhibiting policies that could impact inflation.

This comes after recent ONS figures showed that inflation remained at 2.4%, contradicting forecasters’ predictions that it should fall. 

The inflation rate of 2.4% is still above the Bank of England’s target rate of two per cent and since the UK voted to leave the European Union, inflation has remained above the target, but forecasts predict that the rate will reach two per cent before the end of 2018.

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Tax changes causing ‘serious damage’ in NHS and public sector

Posted on 2nd July 2018

The NHS and the public sector have experienced a serious negative impact as a direct result of changes to self-employed tax law.

The report, carried out by the Association of Independent Professionals (IPSE) and the CIPD, surveyed 867 contractors and 115 hiring managers (84% of whom were from NHS Trusts) and found that worryingly, 51% of public sector hiring managers had lost skilled contractors as a direct result of the changes to IR35 regulations. 

A further seven in ten (71%) also said they were now struggling to hold on to their contractors.

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IPSE responds to Uber’s renewed licence

Posted on 2nd July 2018

After a two-day hearing, Uber has been successful with its appeal, resulting in a probationary 15-month licence for the company to operate in London.

The Association of Independent Professionals and the Self-Employed (IPSE) has responded to the Westminster Magistrates’ Court ruling.

Chris Bryce, IPSE’s CEO, commented, The safety of passengers is of paramount importance and should always be the priority. Uber accepted it was right that their licence was revoked in September but have since implemented wide-ranging changes to improve safety for all.

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Recruitment leaders expect rise in skills shortages

Posted on 29th June 2018

Skills shortages are an ongoing issue for UK businesses, with 74% of recruitment leaders expecting to see this trend rise over the next two years. 

This could very well benefit the self-employed, as many firms may turn to the UK’s highly skilled contracting sector for additional help.

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Over half of millennials believe AI will result in job losses

Posted on 25th June 2018

Recent findings have revealed that millennials are most concerned about AI and Brexit with regards to potential job losses.

Latest research from Office Angels, part of The Adecco Group, has shown that as many as 62% of millennials are worried that digital trends, such as chatbots and AI will have a negative impact on the number of jobs available. 

The Managing Millennials report, which surveyed 1,000 millennials in employment, also found that 45% believe that leaving the EU will result in job losses.

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London based millennials believe work-life balance isn't important

Posted on 22nd June 2018

A recent survey has revealed that interestingly, London millennials are less bothered about their work-life balance compared to their counterparts across the rest of the UK.

Office Angels, part of the Adecco Group, released research data surveying over 1,000 millennials in employment about their attitudes to work and found that overall, the demands of this generation of Londoners are significantly different to those of the rest of the country.

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Many young people feel overwhelmed when looking for work

Posted on 20th June 2018

Recent data has revealed that there are a number of young people feeling confused when it comes to looking for work.

The research, compiled by CV-Library, surveyed 1,000 individuals across the UK and found that as many as 30.1% feel unprepared and overwhelmed by the job hunting process.

This figure rose to 59% amongst those under 18, with CV-Library stating that this perhaps suggests that younger people need more support when it comes to finding work. 

Interestingly, 64.5% of those surveyed have never been taught how and where to look for a job.

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