Half Year Results 

UK dependency creates trouble for Impellam

UK dependency creates trouble for Impellam

Challenging conditions in the UK impacted returns for recruiter Impellam (IPEL). The recent general election weighed heavily on the specialist staffing business and the healthcare division was put under increased strain following the introduction of IR35 – new regulations governing off-payroll contractors working in the public sector – which has meant a tax increase for many workers. This has led to a longer lead time on placements. Operating profit for the UK specialist staffing business was down 44 per cent to £7.1m. Managed services, the group’s outsourcing division, performed better but still saw a 17 per cent drop in profit for its UK operation.

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