Rate cut without waiting for renewal

[xux42]

fwiw they cannot simply say "if you don't agree these terms we will assume you have given two week notice". If anybody is going to terminate because of the reluctance to accept revised conditions then it is them, and they must still do it within the existing terms of the contract (which could be worse for you of course).

Well they have not yielded ground, but at least they did respond in the timescale I asked for:

"Dear ********,
This is a group decision and therefore a group wide reduction scheme. ****** values it’s conatrcator workforce which is the reason why the decision has been taken to reduce rates, rather than the contractor population.

IR35 status is determined by substitution, control, financial risk, deliverables, Mutuality of obligation and notice periods, therefore a rate reduction would have no impact. As the existing contract is terminated early and a new contract is raised detailing the new rate, this does not affect IR35 status.

We are aware this is unwelcomed news, but *this decision is important in contributing to ******’s 2009 strategy. *

Thank you for your continued contribution to ******.

Regards"

The lower rate create no problems as such, but I think its time to make serious efforts to move on, or pursue conversion to Permie which has been kicked around as a possibility for a while.

[centurian]

We are aware this is unwelcomed news, but *this decision is important in contributing to ******’s 2009 strategy. *

profits