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Smaller recruiters believe they face a bleak future if the government keeps passing new laws.
Recruiters say new legislation is the number one obstacle to growth, according to the results of the seventh annual Recruitment and Employment Confederation (REC) survey, released this month.
IT contractors and recruitment agencies have been at loggerheads for some time, with each feeling let down by the other.
The Olympic Delivery Authority says the bill for headhunters and recruitment consultants since London won the bid in July 2005 is £511,640.

World Careers Network (WCN) said costs had risen in the second half of the year as a result of the additional staff it has hired.
Sales for the year to 31 July rose to £3.72m, up 30% on a year earlier. Profit before tax was £1.02m, up 70%. WCN's headcount rose to 64, from 44. The firm said it may rise further, to 80, by the end of the current financial year.