Barc at the moon

[Montyuk]

Former colleague tells me that Barclays are outsourcing all their Run The Bank operation to TCS and that they've appled a 2 year rule on contractors.

yes they are moving a load of roles up north however there has always been a 2 year rule, however they do extend certain people for longer, and also those that say no to the rate cut often survive and yes they are paid a decent rate in the first place.

However they currently have asked contractors over oct and dec to take 10 days. However its not so bad when spread over, and contracting isnt always about working nonstop without holiday

[oliverson]

On the plus side, the 2 year rule could create a bit of churn. There might be a few roles coming out of the place for a change. :-D

[MrMarkyMark]

FTFY

There might be a few roles coming out of the place for a change, however, I would then be contracting for TCS and I'm pretty sure my mental health will suffer.

[northernladuk]

Do many actually reach two years. That will be at least two rate cuts and potentially all contractors being walked for a few months?

[Chuck]

More than any arbitrary rule about duration of contract, I'm far more concerned about the outsourcing to TCS. How many hundreds, or thousands, of UK jobs are now moving offshore? This is where Barclays should be kicked, not for treating contractors like contractors.


FWIW, I did a seven year (initial 6month) contract for JPM. Why would I turn down excellent repeat business?

[northernladuk]

FWIW, I did a seven year (initial 6month) contract for JPM. Why would I turn down excellent repeat business?

Because you can become part and parcel and a target for IR35?

[Chuck]

Because you can become part and parcel and a target for IR35?

Didn't happen. Firstly because IR35 only came in to place during my term there. Then I made sure that my contracts were always reviewed by B&C etc. Working practises were good enough.

Of course there is always a danger HMRC will think otherwise but that's what you have PCG membership for.

[northernladuk]

Didn't happen. Firstly because IR35 only came in to place during my term there. Then I made sure that my contracts were always reviewed by B&C etc. Working practises were good enough.

Of course there is always a danger HMRC will think otherwise but that's what you have PCG membership for.

Indeed and with continuing effort you can keep gathering evidence and the like but it gets harder and to be honest a majority of people just don't bother putting themselves at risk.

[MrMarkyMark]

Indeed and with continuing effort you can keep gathering evidence and the like but it gets harder and to be honest a majority of people just don't bother putting themselves at risk.

I agree to a point, but, apart from not becoming "part and parcel", contract length, in itself, has no bearing on IR35.

[GJABS]

Time to close any Barclays accounts you may have.

Alternatively take out a large loan from them. They might lose the details of it, and not ask for repayment.