Nov
15
2010
Umbrella company contractors 'do not need to feel Xmas pressure'
Posted by John Crawley
Contractors with umbrella companies may have a negative feeling towards personal finance because they are anticipating knock-on effects from those who will be affected by cuts in the economy.
This is according to Catherine Wolthuizen, policy expert at the Consumer Financial Education Board (CFEB), who pointed out that job losses is one of the main triggers for people to start worrying about financial difficulties.
She also believed that the Christmas period is a major time when money woes become more apparent, with some worrying about whether they will still have a job on the other side of the festive season and others concerned about how much to spend.
To help those with an umbrella company who are feeling the financial pressure around Xmas, Ms Wolthuizen advised to think more about the family time than the price of a present.
She explained: "It's not about the amount of money you spend on a gift, it's about the thought that you show those people by making that time available."
The advice came after the latest Consumer Confidence Research, which was released by Nielsen and the British Retail Consortium, found that there had been a steep increase in those fearing for their jobs in the third quarter of 2010.
Contractors with umbrella companies may have a negative feeling towards personal finance because they are anticipating knock-on effects from those who will be affected by cuts in the economy.
This is according to Catherine Wolthuizen, policy expert at the Consumer Financial Education Board (CFEB), who pointed out that job losses is one of the main triggers for people to start worrying about financial difficulties.
She also believed that the Christmas period is a major time when money woes become more apparent, with some worrying about whether they will still have a job on the other side of the festive season and others concerned about how much to spend.
To help those with an umbrella company who are feeling the financial pressure around Xmas, Ms Wolthuizen advised to think more about the family time than the price of a present.
She explained: "It's not about the amount of money you spend on a gift, it's about the thought that you show those people by making that time available."
The advice came after the latest Consumer Confidence Research, which was released by Nielsen and the British Retail Consortium, found that there had been a steep increase in those fearing for their jobs in the third quarter of 2010.