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Contractors unimpressed with MPs as election nears
Posted Mar 22, 2010
A pre-Budget survey shows that contractors have very mixed views on the state of the economy, are move likely to vote Conservative than any other party, and are overwhelmingly against the Chancellor's decision to hike up NI rates.
The poll, carried out by service provider Parasol, questioned contractors and freelancers about the current economic environment, politics, and the future.
According to the research, contractors are clearly unsure about the state of the economy. While 42.8 per cent feel more optimistic about the financial climate than they did 18 months, a further 42.8 per cent are less confident in it.
When questioned about the upcoming election, while 35.7 per cent think the Conservative party are the best bet to help the UK out of the recession, 11.4 per cent would go with Labour, and 8.5% are most confident with the Liberal Democrats. Tellingly, the majority (37.1 per cent) of respondents don't think any of the political parties will be of much use - a view shared by much of the country perhaps.
Echoing the views of many business people and organisations, the vast majority of contractors (two thirds) think the Chancellor's decision to increase National Insurance contributions is unfair.
72.8 per cent say they would be more likely to take matters into their own hands and do their own legwork in finding the right pension and financial advice if changes to legislation meant they had to pay an Independent Financial Advisor for such information.
Unsurprisingly, given the nature of survey participants, a healthy 68.5% of respondents believe that contractors and freelancers are essential in pulling the economy out of the recession.
Rob Crossland, MD of Parasol, commented:
"Freelancers and contractors are vital to our economy and hold the key to helping us out of the economic downturn. The government should be doing more to support this invaluable group of workers, yet our survey clearly shows people don't have much faith in their ability to help them, or the country. As a result, many are now looking at ways to take matters into their own hands - they simply cannot afford to wait for MPs to give them a lifeline."
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