pay contractors on time, government warns

UK Warns Companies to Pay Contractors on Time

Posted 16th April 2019 in News For Businesses For Workers

The Cabinet Office has written to over 10,000 companies to warn them to pay contractors on time or risk being barred from public sector work.   New rules require companies bidding for government contracts over £5million per annum to pay 95% of invoices within 60 days – and work towards a payment term of 30… Read more

recruitment start-ups

UK Economy Stays Afloat Amidst Brexit Concerns

Posted 11th April 2019 in News For Businesses

Despite concerns over the effect of Brexit on the UK’s economy, analysis from The Guardian shows that the economy remains strong.   The Guardian’s monthly economic tracker showed employment reaching the highest levels on record, and consumers continuing to spend – but experts still warn that Brexit’s effects will be felt by the economy in… Read more

small business, big impact

Small Business, Big Impact: SMEs in the Spotlight

Posted 10th April 2019 in News For Businesses

Recruitment agencies come in all shapes and sizes, from small specialists in niche industries to large megacorporations with hundreds of clients under their belt. The UK has the highest density of recruitment agencies in the world – but is that high level of competition hitting the smaller agencies the hardest?   Recent data from Bizdaq… Read more

brexit pressure

UK Businesses Anxious Over “Slow Brexit”

Posted 9th April 2019 in News For Businesses

UK businesses are reluctant to invest as a result of anxiety over Brexit, a leading economist has revealed.   Speaking to Tadhg Enright on Good Morning Europe, economist Vicky Pryce stated that prolonging the Brexit process would have a negative effect on the future of businesses and consumers in the UK.   “Since the referendum… Read more

ir35 changes will affect recruitment agencies

Think Recruitment Agencies Have Nothing to Do with 2020’s IR35 Changes? Think Again

Posted 3rd April 2019 in News For Businesses

It was inevitable after the government’s IR35 changes were applied to the public sector that they would be rolled out to the private sector too, and as the deadline of April 2020 fast approaches, IR35 looms on the horizon, larger than ever.   Within the private sector, liability for ensuring which contractors fall in or… Read more

spring statement tackles economy

Spring Statement: UK Economic Growth Set to Recover

Posted 26th March 2019 in News For Businesses

Despite figures from the Office for Budget Responsibility (OBR) forecasting the UK’s 2019 growth at 1.2%, the economy is set to recover, according to the Spring Statement.   Chancellor Philip Hammond stated that the economy had “defied expectations”, with wages expected to keep growing at rates of over 3% over the next five years.  … Read more

british banks backing smes

HMRC Official Speaks Out On IR35

Posted 21st March 2019 in News For Businesses For Workers

In a Q&A session with MPs, HMRC official Jim Harra stated that private sector contractors were guilty of a “very high level of [IR35] non-compliance” since 2000.   Speaking about the planned changes to IR35 regulations in the private sector, Harra stated, “Whatever the relationship you have with your engager, you have to pay your… Read more

British Companies Lack Funding, Says Research

Posted 19th March 2019 in News For Businesses

British companies are facing a severe lack of funds as banks fail to support them, according to new research commissioned by ArchOver.   Businesses seeking bank loans to support planned growth are receiving an average of only 70% of the agreed total – with a third unable to launch their planned products or services as… Read more

welsh businesses least confident

Welsh Businesses Least Confident in the UK

Posted 14th March 2019 in News For Businesses

Business confidence in Wales fell to the United Kingdom’s lowest levels in February, according to the latest Business Barometer survey by Lloyds Bank Commercial Banking.   Overall confidence dropped by 11 points in February – the lowest since the regional barometer was launched in January 2018.   Falling confidence could be seen in Welsh firms’… Read more

pay contractors on time, government warns

WTO Confirms £1.3Trillion Market for British Contractors

Posted 12th March 2019 in News For Businesses For Workers

The World Trade Organisation (WTO) has confirmed that British businesses will be able to continue bidding for public sector contracts worldwide after leaving the European Union.   The UK plans to join the Government Procurement Agreement (GPA) as an independent member if it leaves the European Union without a deal.   The development was announced… Read more

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