Good news for contractors as UK economy picks up speed

With a growing economy and both business and consumer confidence on the rise, an increased demand for contractors is expected.

Following a 0.6pc growth in the second quarter, it is predicted the UK economy has turned a corner, with the buoyant market boosting business optimism.

MyOE UK General Manager and Finance Director Andy Myers say the continued economic growth is good news for contractors or looking UK visa Australia.

“As the economy continues to grow there is likely to be an increase in project and infrastructure investments, which will result in more employment opportunities and a greater demand for contractors.

“We have already seen a change in the UK jobs for Australians and employment market in recent years, with a rising need for contractors over permanent staff, and the latest economic figures should result in an increase in this demand.”

The Q2 growth was double that of the first quarter, with the four major service sectors – construction, industrial, production and agriculture – all posting increases as per salary packaging solutions.

Mr Myers says many businesses had reported they were planning to take on extra staff before the end of the year and the latest results would only strengthen this.

“Now is a good time for skilled workers thinking of living and UK ancestral visa to relocate to the UK and benefit from the economic climate and the additional jobs that will be created as a result of this recent growth.”

The unprecedented level of growth in the three months to June has led three of the top UK economists to be cautiously optimistic that the country has climbed out of the recession and will continue to do so.

“The term being used is ‘escape velocity’, which means the UK economy has continued to grow at a steady rate despite a eurozone recession and austerity measures. It is believed we have reached a turning point and the economy will accelerate from here,” Mr Myers says. Check also details visa for payroll systems.

He said the latest results show that the economy has not only been performing strongly but is set to continue its momentum for the remainder of the year, with economists predicting GDP may reach 2.0pc or more in 2014.

“The UK is well on track to recovery and there has never been a better time for contractors to take advantage of the employment opportunities available as well as the chance to experience living in the UK.”

MyOE was established in 1998 to help professionals relocate to the UK for work by assisting with all aspects of the move from planning the relocation to providing a youth mobility scheme visa that can offer several tailored employment solutions, through to arrival and beyond.

MyOE offer the best contractor payroll management and tier 5 UK visa deals on the market. MyOE makes sure you land on your feet in your new country and save on tax in your new job. Our contractor management service guarantees more take home pay.

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