rate cuts in the city.

[Pickle2]

2) take a vacation and wait for the upturn

[AlfredJPruffock]

You gottit !!!! Vacations - here we come !!!!

[Pickle2]

You gottit !!!! Vacations - here we come !!!!

Yup.

http://www.houseinphuket.com/houses/LTR/a0133/

@700 quid a month, I reckon my pile would last until the next boom/bubble.

[BlasterBates]

No need to worry plenty of jobs:

for example:

http://jobserve.com/W7FF98C682A0E2092.job

[miffy]

http://www.houseinphuket.com/houses/LTR/a0133/

@700 quid a month, I reckon my pile would last until the next boom/bubble.

I'd be happy retiring there until things improve.

[thunderlizard]

How often do those kinds of clients actually go through with their rate cuts?

By which I mean:
(1) they ask the contractor to lower the rate
(2) contractor says no
(3) contract is terminated (or not renewed, when the original plan was to renew).

I'm sure lots of contractors bottle it and cut their rates when asked, but that doesn't count.

[swamp]

I once went through a permie rate cut. 25% across the board I walked!

[Gonzo]

Sounds ominously like 2001. The first sign is a rate cut. The first one isn't so bad, shut your eyes and grit your teeth so to speak, but then comes the next cut and another one, and then swathes of contractors aren't renewed....

Hold on to your hats....

Wot he said.

Along with the permie offers.

It is not all bad though. I am in Fund Management and there are no such signs here.


Yet.

[miffy]

I once went through a permie rate cut. 25% across the board I walked!

Ouch, I'm not surprised

I would have done the same. Fair play there.

[max]

How often do those kinds of clients actually go through with their rate cuts?

By which I mean:
(1) they ask the contractor to lower the rate
(2) contractor says no
(3) contract is terminated (or not renewed, when the original plan was to renew).

I'm sure lots of contractors bottle it and cut their rates when asked, but that doesn't count.

1) every 6 months
2) then they leave
3) IB contracts normally pay enough that you'd never leave if you have a choice.

Once they have it in their mind it's pretty much done, like the Terminator...


Good times will come again....don't know when..until then grin and bear it.