State of the Market

[uk contractor]

Rate cuts by the BOE. Probably the first of many more this year.

Maybe lower rates wont make any difference to the state of the market, but for sure there wont be any recovery if rates remain at current levels.

Rates will make little difference even if ZERO! The current Chancellor before she got this job was asked direct questions last year on the Trade Floor at the IB I worked at regarding basic economic monetary concepts she stood a few feet away from me we did not know at the time who she was...we did however remember her fluffing her response & not being able to answer anything displaying a complete lack of basic financial markets terminology & quickly moving away before the heat of the question melted her resolve.......!

It was shocking to witness....especially now she is in charge of the economy.......! I seriously doubt she can survive this year politically the immense pressure will continue to build!

[SchumiStars]

Well it's what I believe. And until we see a change in attitudes, we will be stuck were we are.

If WFH was effective for customers then there would be company growth, greater effencies and so forth.

5yrs of WFH, enterprises have had enough time to work it out. And there does seem to be a shift with banks at least requesting 5 days per week in the office now.

I have never seen a collapse of contracting this bad, for this long, in 25yrs. There are others that agree with me.

I am not suggesting that it's the only solution, if it is at all. I am merely saying, that in order to get the ball rolling we should all, at least be favouring a return to the office.

Fill up the offices, get the trains busy, the coffee shops and pubs filled again.

The only other suggestion we seem to have is that AI will magically create more jobs and high paying contracts once everyone embraces it. I am not a fan of waiting for a silver bullet nor it seems insurance companies or consultancies.

Right, let's get to the gym and sort the body out. Fri, used to be dress-down/up day and no point turning up without the guns blazing

[Cookielove]

Reeves is so far out of her depth I’m surprised she’s still in the job….doubt she will be for much longer.

equally useless is Angela Rayner beggars belief she’s is deputy PM of this country

[eek]

Well it's what I believe. And until we see a change in attitudes, we will be stuck were we are.

If WFH was effective for customers then there would be company growth, greater effencies and so forth.

5yrs of WFH, enterprises have had enough time to work it out. And there does seem to be a shift with banks at least requesting 5 days per week in the office now.

I have never seen a collapse of contracting this bad, for this long, in 25yrs. There are others that agree with me.

I am not suggesting that it's the only solution, if it is at all. I am merely saying, that in order to get the ball rolling we should all, at least be favouring a return to the office.

Fill up the offices, get the trains busy, the coffee shops and pubs filled again.

The only other suggestion we seem to have is that AI will magically create more jobs and high paying contracts once everyone embraces it. I am not a fan of waiting for a silver bullet nor it seems insurance companies or consultancies.

Right, let's get to the gym and sort the body out. Fri, used to be dress-down/up day and no point turning up without the guns blazing

You are making the assumption that it's WFH that has destroyed contracting - it's not most companies have outsourced so much to India that outsourcing the Dev work as well makes sense..

[Cookielove]

Like expecting a chimp to operate a nuclear power station …I read that and thought it was very apt about those two

[Cookielove]

Exactly eek that plus they are now actively touting for jobs on boards/LI and offering themselves up …cheap as chips!!

[uk contractor]

Outsourcing has gone way too far for sure that's where many of the jobs have gone...near shored right under your very own eyes & nothing anyone can do about it as the UK government past & present fully supported it without ever considering the massive implications...WFH I think made little difference overall its the outsourcing they are all addicted to the cheapest possible labour cost's!

[mogga71]

Well it's what I believe. And until we see a change in attitudes, we will be stuck were we are.

If WFH was effective for customers then there would be company growth, greater effencies and so forth.

5yrs of WFH, enterprises have had enough time to work it out. And there does seem to be a shift with banks at least requesting 5 days per week in the office now.

I have never seen a collapse of contracting this bad, for this long, in 25yrs. There are others that agree with me.

I am not suggesting that it's the only solution, if it is at all. I am merely saying, that in order to get the ball rolling we should all, at least be favouring a return to the office.

Fill up the offices, get the trains busy, the coffee shops and pubs filled again.

The only other suggestion we seem to have is that AI will magically create more jobs and high paying contracts once everyone embraces it. I am not a fan of waiting for a silver bullet nor it seems insurance companies or consultancies.

Right, let's get to the gym and sort the body out. Fri, used to be dress-down/up day and no point turning up without the guns blazing

I work for one of the big iB's in London .... contractors are actively encouraged not to come into the office. I have been in twice in 4 years. The 'no jobs' situation is not down to WFH ... it's the fact that nearly all of the jobs have moved to India and Poland. We need a Trump like figure to stop the out sourcing. Aint happening.

[eek]

I work for one of the big iB's in London .... contractors are actively encouraged not to come into the office. I have been in twice in 4 years. The 'no jobs' situation is not down to WFH ... it's the fact that nearly all of the jobs have moved to India and Poland. We need a Trump like figure to stop the out sourcing. Aint happening.

Trump or any equivalent won’t fix the outsourcing - they are cheaper and money (reduced costs/ extra profit) talks and wins

[SussexSeagull]

Well it's what I believe. And until we see a change in attitudes, we will be stuck were we are.

If WFH was effective for customers then there would be company growth, greater effencies and so forth.

5yrs of WFH, enterprises have had enough time to work it out. And there does seem to be a shift with banks at least requesting 5 days per week in the office now.

I have never seen a collapse of contracting this bad, for this long, in 25yrs. There are others that agree with me.

I am not suggesting that it's the only solution, if it is at all. I am merely saying, that in order to get the ball rolling we should all, at least be favouring a return to the office.

Fill up the offices, get the trains busy, the coffee shops and pubs filled again.

The only other suggestion we seem to have is that AI will magically create more jobs and high paying contracts once everyone embraces it. I am not a fan of waiting for a silver bullet nor it seems insurance companies or consultancies.

Right, let's get to the gym and sort the body out. Fri, used to be dress-down/up day and no point turning up without the guns blazing

If companies thought it was in their interests to get everyone back into the office they would do it. I know that because some of them have already.

I don't think this is a good thing but the only thing business is now interested in is making money in the short term. They don't have a wider social remit of reinvigorating city and town centres.

The big problem with contracting is outsourcing and a lack of investment in new projects. AI might not be helping because the decision makers are scared anything they commission now might be out of date in two years (I am not saying it will but that might be the perception).

If an opportunity came along that wanted me in the office five days a week I would do. Ditto an entirely remote one or an in between hybrid effort.