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Greg Wood: Banning umbrella companies will damage the healthcare sector

14th Sep, 2018

Greg Wood: Banning umbrella companies will damage the healthcare sector

Your World’s Group Commercial Director, Greg Wood, has been featured in Recruiter discussing the Shadow Chancellor’s call for banning umbrella firms.

John McDonnell, Shadow Chancellor, attended the TUC conference in Manchester and told delegates: “Yes, we will ban the payroll umbrella companies that have developed in recent years.”

As an agency, we understand the impact this would have on many of our hard-working candidates, which is why Greg Wood told Recruiter about their value and how banning them would damage the healthcare sector:

“Umbrellas allow contractors in healthcare to work for multiple employers, without having to change their tax code.”

He then went on to discuss how banning umbrella companies could reduce the number of workers using agencies and how each worker would be forced to work PAYE with multiple employers.

Read the Recruiter article in its entirety.