Rate Cuts - Banking - London

[Jeebo72]

Speaking to BNP Paribas contractors this avo, none have heard of the 15% cut????

[centurian]

Can rate cuts be used as an IR35 defence. Just looking for a silver lining.

I suppose it reduces your CT liability

[AnthonyQuinn]

Collusion needs to be stamped out. All of you should walk out of your jobs now and take a stand especially those in the Glasgow area in .NET related roles.

In case you forgot, you don't have JOB with the bank. Your only JOB is with your own company and you don't want you walk out of it.

Collusion is an offence if its regarding fixing price for customers. Not about reducing costs from vendors.

[JoJoGabor]

No collusion required, just check this board once in a while. "oh look other banks are getting away with slashing contractor rates, lets do the same"

[swamp]

If all contractors at a particular site were to argue, say, for various pointless IR35 amendments to their new contracts, then HR and Legal and the agencies would find themselves tied in knots arguing and rejecting all the proposed changes. No doubt they would still drive through their rate cut, but they may think twice about doing it again.