State of the Market

[oliverson]

Glad to know that it's not just me who thought that!

As someone based in the NW, I was kind of hoping that the high-value FS roles would diversify location-wise post-covid but generally speaking, I haven't seen a lot of evidence of that happening yet.

The problem is when those roles go outside of London, the rates drop. I remember Morgan Stanley moving some of their dev roles to Glasgow and the rates reflected the location, pretty much in keeping with the rest of the contract market outside of London and outside of finance.

[sreed]

The problem is when those roles go outside of London, the rates drop. I remember Morgan Stanley moving some of their dev roles to Glasgow and the rates reflected the location, pretty much in keeping with the rest of the contract market outside of London and outside of finance.

I see your point and I’d expect a London day rate to translate into ~20% less up here but I was referring more to the number of roles.

[hungry_hog]

I have only ever worked as an outside IR35 contractor, my entire career starting in 2001. I did once or twice apply for permie roles, but always the question "I see you've only every been a contractor, are you just applying for a permie role because the market it dead just now?". The only permie roles I have been offered was when working as a contractor somewhere and they asked if I wanted to go perm, on about 1/2 of the money!

in same boat albeit inside for last 5y

Someone rang me up about a role for 45k last year....I said to them that's very lovely as it will pay my mortgage but not leave anything for food

[Fraidycat]

FTSE 250 making new 52 week high today, over 19,800

A bit off topic, although maybe not.

Microsoft, one company, is now worth about the same as all of the companies in the FTSE 100 + FTSE 250 combined.

So the same as the top 350 UK public companies.

$3.2 Trillion dollars.

The US stock markets are booming and the economy is doing well. The US government can keep issuing more and more debt as the USD is the worlds reserve currency.

There is pressure for existing UK companies to delist from London and move to New York because they will be valued much higher over there. New IPOs like ARM are going straight there. Major blow to the City.

If AI has caused a bubble in the US tech stocks, things are not going to be good for us when it pops, even though we haven't seen many of benefits here in the UK.

[edison]

I find when I go for perm interviews (and it doesn't happen often) I have no credibility as a 15 year contractor. Whereas contract interviews pretty much 1 in 2 chance I will get it.
And then if you do get back in you have a 3 months notice.

Never understand how people are able to jump back in and out like sentry duty.

I think it's far less common now to switch from contract to perm and back to contract. Partly because clients are more wise to it. I've seen it many times from hiring managers who are biased against long term contractors and would fill a perm role with a lower calibre permie as it was lower risk compared to the contractor.

[edison]

Jobserve has always been mostly professional services FS, Insurance, Legal etc + public sector in my experience.

Dont know why just seems that way - London roles seem to be ever more finance than ever- maybe everyone else cant afford the rents.

I've really noticed this in the last few months. There always used to be a reasonable amount of non-FS roles in London that I'd find were potentially suitable for me. Now I can barely see anything within the M25 or even further afield like Cambridge, Milton Keynes, Peterborough - all places I've worked before. So many decent roles I've seen recently have been in the North, West and sometimes Midlands.

Maybe it's just coincidental...

[PerfectStorm]

Green shoots of recovery as we near a new tax year - just bagged another Outside role, 100% remote as seemingly is the usual these days :-)

Never knowingly Inside!

[sreed]

Green shoots of recovery as we near a new tax year - just bagged another Outside role, 100% remote as seemingly is the usual these days :-)

Never knowingly Inside!

Amazing, woot woot!

[GJABS]

[edison]

Green shoots of recovery as we near a new tax year - just bagged another Outside role, 100% remote as seemingly is the usual these days :-)

Never knowingly Inside!

Well done, congratulations.

Is 'never knowingly inside' your HMRC defence?