Responding to today’s Spending Review, Sam Hurley, Operations Director at The Association of Professional Staffing Companies (APSCo) comments:
“The additional £4 billion (£2 billion already announced and a further £2 billion today) of funds may be necessary should a no-deal occur. However, preparations take time, even if well-funded. As such, we fully expect that there will still be a significant impact on businesses, including the professional recruitment industry and its clients, in the event of a no-deal exit next month.”
“Additional spending in the public sector generally flows down into a loosening of constraints on recruitment and contract spend, but we wouldn’t expect any reversal on existing framework rates, although hiring numbers may increase.”
“The spending review does nothing to reduce our concerns about the impact of IR35 Off Payroll on the private sector, the flexibility and availability of contractor resources and the implications for the contracting labour market, which will undoubtedly be reduced flexibility and increased costs.”
“We do however, welcome the commitment to give schools a cash boost to improve education, as well as the additional funding to train and teach more than a million 16 to 19 year olds the skills they need for well-paid jobs in the modern economy, though the impact of this won’t be noted for some time yet.”
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