News

Today, the Bank of England announced a significant reduction in the base interest rate, aiming to ease financial pressures amidst tightening economic conditions. For recruitment agencies and contract workers, this rate cut has the potential to bring both opportunities and challenges. While borrowing costs may drop, the lowered interest rate could affect earnings from savings, […]

QPS overview of the autumn Budget 2024: what recruitment agencies need to know The Autumn Budget 2024, released by the Labour government, introduces sweeping changes that heavily impact recruitment agencies, umbrella companies, and contingent workers.   Key measures include increased employer National Insurance Contributions (NICs), tightened compliance regulations, and bolstered enforcement resources, directly influencing both

Comment on the announcement of the reduction in interest rates by the Bank of England from QPS Managing Director, Robert Arnold The recent reduction in interest rates is welcome news for the recruitment sector. Over the past four years, interest rates have remained at their highest levels since 2008, creating significant challenges for recruitment agencies

King Charles’ Speech unveils 39 new bills, with the Employment Rights Bill set to transform workplace protections and conditions across the UK. King Charles has formally opened Parliament today, delivering a comprehensive King’s Speech with plans for 39 new pieces of legislation. For comparison, Johnson’s 2019 Queen’s Speech contained 22 bills, while Blair’s 1997 and

Understanding the Labour Party’s 2024 manifesto: Key insights for businesses, workers, and the recruitment sector In the wake of the Labour Party’s landslide victory, the UK stands on the brink of significant change. The 2024 manifesto presents an ambitious plan aimed at transforming the economic and social landscape with a strong focus on fairness, growth,

Quest Pay Solutions (QPS) is delighted to announce the appointment of Robert Arnold as its new Managing Director. With a rich background in the contingent market and a visionary approach to business growth, Robert is set to lead QPS into an exciting new era of innovation and expansion.   Robert brings a wealth of experience

The Government has recently announced updates to the National Living Wage and National Minimum Wage, to take effect from April 2024. We wanted to provide our clients and contractors with an overview of the changes that will be taking effect, so that they are aware and can plan appropriately for when the changes come in.

Quest Pay Solutions is excited to announce that we have successfully passed our FCSA accreditation following this year’s comprehensive audit. This achievement underscores our ongoing dedication to upholding the highest standards of professionalism and ethics within the UK’s tax, employment, and regulatory framework.   FCSA Accreditation is a testament to our commitment to compliance and

We’re pleased to announce the launch of our Sweet Summer Referral competition, where every referral you make brings you one step closer to winning one of three huge sharing boxes of sweets for your agency (or yourself – we won’t tell).  For every contractor you refer between 19th July 2023 and 31st August 2023, you’ll

Previous Next With Easter just around the corner, we thought it would be appropriate to give our clients some prior notice of the payroll deadlines we will be working to over the Easter break this year.   With Friday 7th April being Bank Holiday all workers will be paid on Thursday 6th April. As ever,