I think I will avoid these shady outfits. Umbrella companies seem like a true tory invention 🙁
Depends how you look at it.
It’s not the umbrella company being shady, it’s the company you’re invoicing keeping you off their books. Is £90/day even minimum wage after employers NI, holidays, etc? Who’s covering your liability insurance, tools, expenses, etc?
Plenty of people use them because they’re happy to be paid a bit (or a lot) extra in return for having no employment rights. And since IR35 came along they’re the only way to be paid for certain “contracting” jobs, and even before that some “employers” mandated that “contractors” used a specific umbrella company to keep their admin down.
*”employer”, “contractor”, are used in their loosest sense.