State of the Market

[Bluenose]

Is Brexit AND/OR ir35 killing the contractor market?

Or, have the ratio of the number of IT contractors to each advertised vacancy increased?

I would throw in that permietractors also had an impact.

realising, after doing 7 years at the same place, they could not offshore their rate plus they got hit with dividend tax increases once they did play ball.

They held out of a while but once they tried to re-negotiate a higher rate, found out that they needed to charge £600pd for the same take-home.

There are plenty of these people still on the bench chasing a smaller pool of roles in that rate range outside of IR35.

We need this remaining pool of contractors to capitulate into permie roles.

[SussexSeagull]

It is beginning to look like we are in recession caused by the uncertainty round Brexit so that is the main problem IMHO. As for IR35 I think it varies from sector to sector. It sounds like it is a factor in the city (which tends to influence the rest of the country) but it hasn't been considered by a fairly large percentage of clients.

From my (testing) perspective there does actually seem to be a fair amount of work around but I imagine a lot of people are chasing it.

[MrAboii]

LONDON Market status as 09.September.2019 14:00

I Confirm that LONDON Contract market for DevOPS is now dead too.
It seems like IT is already in recession.

John

[globalBA]

the contract market seems to drying up but the perm market seems to be in good health.

[uk contractor]

Not so sure its Brexit we have been in recession for quite some time what goes up must always go down eventually. Inv bank client I am working at has made 100s of traders & front office support staff redundant recently this reduces the requirement for IT contractors obviously.

[PerfectStorm]

Gone quiet again this week, and all my leads from last week have dried up

[KinooOrKinog]

Gone quiet again this week, and all my leads from last week have dried up

Same here. Had a flurry of activity middle of last week but it's died a death again. I'm losing all motivation. Been sat in my gym clothes for three hours now [emoji23]

Sent from my EVA-L09 using Contractor UK Forum mobile app

[sira]

I'm in financial services sector, non-IT. Contract market is dead - 95% of the jobs in my field are now FTC's.

[ContractorHardman]

Latest call I have had is about working in Amsterdam. I am very interested in the role but worried about my EU status if Brexit goes tits up.

[SussexSeagull]

Finding it like before the holidays where contracts are around but proceed at a glacial speed with more if a tendency to disappear off the radar than normal.

Still. have a few things on the go.