Originally posted by jamesbrown
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State of the Market
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Originally posted by SussexSeagull View Post
The further problem is contractors aren't really the intended target for employment status reform so will be low down the list of people who consideration will be given to.Comment
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Was talking to my friend, a small business owner. He was saying that prior to COVID he struggled to find staff but now he has people literally knocking on his door asking for work.
Also told me that the freshies have to also pay some sort of 10-year-visa-plan, which is around £2k per year.
No wonder the govmt love immigration. It literally is cash cow for not offering much more than what is here. Supported by the current infrastructure.
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Originally posted by oliverson View Post
Currently sat on my roof terrace in Southern Spain, contemplating whether i could move here full time. Any tax rise on dividends, no matter how significant, would probably tip the balance. Digital Nomad Visa for me and my US client. 24% flat rate tax. Bye bye broken Britain.Comment
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Originally posted by SchumiStars View PostWas talking to my friend, a small business owner. He was saying that prior to COVID he struggled to find staff but now he has people literally knocking on his door asking for work.
Also told me that the freshies have to also pay some sort of 10-year-visa-plan, which is around £2k per year.
No wonder the govmt love immigration. It literally is cash cow for not offering much more than what is here. Supported by the current infrastructure.Comment
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Originally posted by jamesbrown View Post
[...]but high-earning contractors will be squarely caught up in it and, honestly, it will be very hard, perhaps impossible, for them to not screw it up.
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Originally posted by dsc View Post
This is why it always makes me laugh when people here say that the gov needs to fix this or that for us to make more money / get jobs etc. As if we are the priorityComment
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Originally posted by dsc View PostThis is why it always makes me laugh when people here say that the gov needs to fix this or that for us to make more money / get jobs etc. As if we are the priority
What I wanted to say is, there is a problem in the UK and it extends to most western countries. That is that the boomers are retiring, shrinking the productivity of the economy, and going from high earners to tight fisted pensioners overnight; that significantly changes how they view their capital. You can see how this played out in Japan already and from that derive a picture of how this will be and is affecting the UK. In many ways it didn't really matter which party we elected at the last election because they all face this issue. Since demographics is "baked in" and cannot be changed, there are no easy solutions. A major difference with Japan is that they don't have immigration like we do. Hence they have found remaining politically unified easier as a population with a more singular ethnicity. The difficulty the UK has is that immigration is a possible solution to demographics through filling in desirable age ranges by recruiting from abroad, but that also increases political division.
So tough choices indeed, and contractors are not a priority. But also we've been hit in the past by tax changes, how much is left to squeeze out of us, or are their more ambitious targets that mean we get overlooked?
Rumours of 45% on all dividends sound a little paranoid.Last edited by willendure; 16 September 2024, 13:04.Comment
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If anyone here is in FS, Citi is hiring extensively. I get about 2 emails a week from agents for them. Even when it's not mentioned you can tell from the terminology who it is.
They are always hiring, make of that what you will
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Originally posted by SussexSeagull View Post
I think contractors current challenges are only a symptom of a wider problem. I know it is unscientific but looking on LinkedIn I am not sure the permanent market is much better and IT recruitment is a blood bath at the moment.Comment
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