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Contractor Industry News

Self-employed will benefit from drop in inflation

Posted on 21st December 2018

The IPSE has welcomed the fall in UK inflation, but says government policy is still a concern for contractors.

Latest ONS data shows that inflation fell to 2.3% last month, down from 2.4% in October.

However, the Association of Independent Professionals and the Self-Employed (IPSE) warn that government IR35 tax policy is still worrying the UK’s self-employed sector.

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Self-employment doing the ‘heavy lifting’ for the workforce, says IPSE

Posted on 19th December 2018

Latest ONS statistics have revealed that self-employed numbers have stabilised at approximately 4.8 million.

Figures show that the employment rate is now 7.5 per cent – the joint-highest level on record – the Association of Independent Professionals and the Self-Employed (IPSE) has pointed to the enormous growth in the self-employed sector over the last ten years as being the main reason behind these high levels.

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Construction growth reaches four-month high

Posted on 17th December 2018

November data has shown a solid expansion of overall output, with job creation accelerating to its fastest in three years.

The latest IHS Markit / CIPS UK Construction Purchasing Managers’ Index (PMI) revealed that growth of new work picked up since October and rising client demand strengthened a robust and accelerated expansion of employment. 

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Creative industries to receive £20m boost

Posted on 14th December 2018

The UK’s thriving creative industries is being boosted by more than £20 million in order to help inspire and attract new talent, scale up existing businesses, boost skills and provide education.

The package of support announced by Creative Industries Minister Margot James during a visit to Dudley Technical College, will help to increase the diversity of the sector’s workforce and maintain the future pipeline of creative talent in an industry that now contributes more than £100 billion to the UK economy.

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Contractors have little faith in UK government

Posted on 10th December 2018

Contractors are feeling extremely concerned when it comes to government policy and the negative impact it will have on business.

This is according to a new report compiled by the Association of Independent Professionals and the Self-Employed (IPSE) and PeoplePerHour (PPH), with contractors expecting government policy to drive their business and the economy into decline over the next year.

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Digitalisation to have a positive impact on contracting sector

Posted on 7th December 2018

A recent survey has revealed that three-quarters of Chief Financial Officers believe digitalisation will boost the number of contract and temp workers within the finance department.

Latest Robert Half research shows that as companies battle to adapt to the rapidly changing finance landscape, many are hiring from the financial planning and analysis sector. 

In order to ensure a smooth transition as they build in-house capabilities, CFOs are hiring temporary resource with previous experience of helping firms with transformation, whilst still maintaining financial control.

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Majority of job seekers asked inappropriate or illegal interview questions

Posted on 5th December 2018

New research has revealed that a large percentage of people have been asked an ‘off-limits’ question during an interview process.

The report, conducted by TopCV and CV-Library, surveyed nearly 2,000 professionals, with 73% saying they’d been asked an inappropriate or illegal question in an interview.

The topics respondents were questioned about included:

- Marital status (38%)

- Age (34%)

- Criminal convictions (32%)

- Disability and family planning (25%)

- Place of birth or ethnicity (25%)

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£5m investment to plug manufacturing skills gap

Posted on 3rd December 2018

Umbrella company contractors working within the manufacturing sector will be interested to learn that Lloyds Bank is to invest £5m into the industry.

This extra funding will support approximately 3,500 manufacturing apprentices and engineers by 2024, equipping them with the right skills required to be at the forefront of manufacturing in the future. 

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Universal Credit’s Minimum Income Floor exemption should be extended, says IPSE

Posted on 30th November 2018

The IPSE is urging the government to tackle Universal Credit’s structural bias against the self-employed.

The Association of Independent Professionals and the Self-Employed (IPSE) told the London Assembly Economic Committee that an extended period is needed in order to fix a creaking system that unfairly punishes the self-employed and disincentivises people from striking out on their own.

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Professional gig economy booming

Posted on 26th November 2018

With 1.6 million businesses planning to hire temporary or contract staff in the next 12 months, skills shortages created by digitalisation is thought to be the reason behind this boom in vacancies.

The latest Robert Half 2019 Salary Guide reveals just how much technology is reshaping businesses, with two in five UK organisations (38%) considering digitalisation to be the main evolving force in the workplace today. 

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