State of the Market

[northernladuk]

To add to the joy of this thread - update from dave Chaplin


Dave Chaplin on LinkedIn: #offpayrolltax #stoptheoffpayrolltax #ir35 | 50 comments

50% of contractors now cut

Anther 25% to be cut by 29th March


Sent from my iPhone using Contractor UK Forum

I find those figures a bit difficult to swallow to be honest. Half of all contractors cut? I haven't seen anything like that on the ground.

[jamesbrown]

I find those figures a bit difficult to swallow to be honest. Half of all contractors cut? I haven't seen anything like that on the ground.

Dave mostly has his head in the clouds, so you may want to check up there.

[KinooOrKinog]

I find those figures a bit difficult to swallow to be honest. Half of all contractors cut? I haven't seen anything like that on the ground.

At my place, we've got three new contractor starting this week. I would be surprised if they start cutting. It would cost them a lot more to bin the project than it would to continue.

[Paralytic]

If you read the APSCo reference, it said "up to 50%"

It's a meaningless statement loved by marketeers everywhere to influence those too lazy to read.

Of course, DC's headline decided to miss out that important detail.


(reading the comments does highlight again that many people don't understand what being a contractor is, include a sub-thread about hiring a contract lawyer because a client is only paying for days worked and not the "notice period")

[simes]

Yeah, by midday today on Jobserve, anything with the word Project in the title numbered 10 roles... gulp.

And, quite randomly, by 9:06 today, there are 19 roles up...!

I might have to stop commenting on this...

[northernladuk]

And, quite randomly, by 9:06 today, there are 19 roles up...!

I might have to stop commenting on this...

Please do. And everything else....

[mogga71]

At my place, we've got three new contractor starting this week. I would be surprised if they start cutting. It would cost them a lot more to bin the project than it would to continue.

I am a contractor at a major Bank in the City (unfortunately). Was in a meeting last week with management and they said that all global permie positions have now been frozen and they were only allowed to hire contractors in London and India.

Certainly surprised a lot of us.

[hungry_hog]

One of the large Swiss Banks in London has terminated its Finance contractors, pending decision on the IR35 postponement.

Nothing like leaving it late eh?

You wonder how these people manage to "go potty" on their own and I'm not talking about going mad!

[quackhandle]

Dave mostly has his head in the clouds, so you may want to check up there.

He's a man on a mission. Kneel before him.

qh

[northernladuk]

He's a man on a mission. Kneel before him.

While he bends over and you can stick your nose up his bum....