Well, I didn't get too 'attached' to Tuesday's interview but still, end of play Friday and f**, all feedback. Never used to be like this.
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State of the Market
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The house that I'm living in cost £x in 2010. I was working as a contractor for 3yrs at the same SC place. Outside with a ltd company.
Absolutely no way could I buy the same priced house now. Salary and income tax can now be verified very quickly. Mortgage applications are very strict and salaries have been reduced.
In general, sucessive governments have come along with more taxation and more legistrtion. Properrty market is on its arse like the contracting market.
Saying that howvever, there is money in new markets such as SM, Instagram, amazon. Perhaps it is just us old skool boys who are left to crew the fat whilst the young ones are clocking large? Who knows?
Either way, it's not getting any better for us lot!Comment
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Originally posted by SchumiStars View PostI was working as a contractor for 3yrs at the same SC place. Outside with a ltd company.
In general, sucessive governments have come along with more taxation and more legistrtion. Properrty market is on its arse like the contracting market.Comment
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Originally posted by sadkingbilly View Post
the cause of the legislation? - permitractors.Comment
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Originally posted by sadkingbilly View Post
the cause of the legislation? - permitractors.Last edited by Protagoras; 7 September 2025, 11:08.Comment
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Originally posted by Protagoras View Post
a cause of the legislation? - remove consultancies' completionComment
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Originally posted by sadkingbilly View Post
remove completion??? wtf?Comment
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IR35 coming in was before my time but some contractors were a bit out there with their tax affairs. I suspect that was the main reason it came in.Comment
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Originally posted by simes View Post
I think these are just excuses, or at least the next 'stages' of a calendar year when 'something' is out of the way.
Christmas, Easter, End of tax year, summer, budget, election... None of these events have offered immediate improvement in the world after their passing.
However, over the last 12-18 months in particular, I've seen that hiring has fallen off a cliff and rates down significantly. When people you know that have previously got contracts relatively easily are now struggling, you know something is amiss. That's before we get to comments on this thread.
I've said it before and I'll say it again. This is much worse than the GFC. This is worse that the downturn that was predicted post Brexit. It's worse than the lull at the start of covid.
Originally posted by sadkingbilly View Post
the cause of the legislation? - permitractors.
Originally posted by Protagoras View Post
a cause of the legislation? - remove consultancies' competition ...
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Originally posted by ShandyDrinker View PostI never understood when you'd get into a place and meet a contractor who'd been there longer than most of the permies. Often permitractors who'd then say "what's IR35?"
Over time there's so many contractors and contracts available, even risk averse permies start to switch sides in large numbers. In the tech industry it was also the best way to earn more without having to move to management. So it almost became a career progression. The employers would treat the contractors the same as permies, but had the benefit of being a lot easier to get rid of. No employment tribunals, sick days etc. What was happening was disguised employment hence HMRC stepping trying to clamp down on it.Comment
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