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Both businesses and contractors could still be affected as a result of the No vote to Scottish Independence, according to giant group. The professional umbrella employment specialist says that some aspects of contractor life may still be altered even though Scotland remains part of the Union.

Many companies had threatened to relocate if Scotland was to become independent, however although the Union has been maintained there still could be changes that affect both businesses and contractors. While sterling is likely to remain the Scottish currency, it’s expected that the SNP will look to negotiate a number of factors as a result of not securing independence.

Matthew Brown, managing director of giant group commented on the potential impact. “While much of the concern over potential changes to currencies and taxation rates has been allayed, there does remain some doubt over how Scotland will interact with the rest of the UK in terms of public spending. It will take some time before these issues are fully clarified and we can reassure our contractor base that they will be warned well in advance should there be any changes that affect them.
“However, the majority of the knock-on effects that could have been caused by Scotland becoming independent were likely to have been softened by utilising a professional umbrella employer like giant group.”

Since 1992, giant has developed and delivered groundbreaking workforce management solutions to the recruitment market:
• award-winning giant strongbox is the professional umbrella employer of choice for temporary workers, freelancers and contractors. Independently voted Best Umbrella employer five times by readers of Contractor UK.
• giant precision is a suite of cloud-based back-office solutions designed to enhance your company’s performance. With precision essential, timesheets are made easy. And precision unlimited spans HR contract management, timesheet management, billing, payroll and payments
• Payroll disaster recovery and international payments are also available from giant precision as standalone services.
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