SJD Accountancy

UK economy recovery could benefit contractors

Request Callback

The UK economy is turning a corner – these were the reassuring words that came from Chancellor George Osborne last month, which will most certainly please contractors and business owners across the country.

Although during his speech in London, Mr Osborne acknowledged the fact that the recovery is indeed in the early stages and there are still some risks involved, he sated that there are ‘tentative signs of a balanced, broad-based and sustainable recovery.’

There is plenty of recent evidence suggesting that what Mr Osborne says is correct, for example, Barclaycard’s monthly analysis of UK pending revealed that the UK economy is firmly in recovery mode, as consumer spending grew considerably last month.

In fact, confidence among businesses has never been higher, with many believing that the economy is significantly improving – a recent report by BDO LLP found that business confidence has reached its highest level in three years.

Mr Osborne said, “The economic collapse was even worse than we thought. Repairing it will take even longer than we hoped. 

“But we held our nerve when many told us to abandon our plan. And as a result, thanks to the efforts and sacrifices of the British people, Britain is turning a corner.

“Of course, many risks remain. These are still the early stages of recovery. But we mustn’t go back to square one. We mustn’t lose what the British people have achieved.”

If you’re interested in making the move from permanent to contracting, why not download our FREE 60 page guide to Contracting through your own Limited company

How do you form your own Limited company? You can form your Limited company online by clicking here – it takes just 5 minutes to complete with your company set up within a few hours. If you have any further questions please contact our new business team on 01442 275789 or email

For all other news please visit our Contractor News hub, or why not join us on Facebook and follow us on Google+ for all the latest contractor news, views, debates and competitions. 

Request a Call Back

We want you to know exactly how our service works and why we need your details. Please read our Privacy Policy before you continue.