Wow what happened to contractor rates in London?

[DimPrawn]

Looks like London has revealed itself as the dead cesspit it always was. A big giant turd rolled in casino banking glitter.

Go the North!

[MrMarkyMark]

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Not bad, eh, seeing it's a different flavour of the same old rubbish I have been doing for well over 20 years now.

Kerrrchiing

[Troll]

I've been getting £600+ in the North for the last 3 years. There's more to life than London and IBs.

I have only just hooked myself onto the Northern gravy train™ - a remarkable turnaround between Laaaadon rates and Manchester - as contractors we have to follow the money!

[DimPrawn]

I've been getting £600+ in the North for the last 3 years. There's more to life than London and IBs.

Jeez, you could buy up whole towns with that sort of money and retire aged 30.

[LondonManc]

Well, I can't speak for IT but, as others seem to be agreeing above, specialist consultancy is the way to go (and potentially WFH too). I doubt this trend in IB will reverse after June 23. There may be more roles available after June, but there are far more fundamental issues in IB. I agree w/ MrMM on compliance though - definitely where I'd be heading if I worked in this area.

Seeing MrMM tomorrow - we are already on the same wavelength about things like this and potentially will be working together in the future. I've also go my own ideas of specialisation that I've yet to share with him.

[GB9]

I've been getting £600+ in the North for the last 3 years. There's more to life than London and IBs.

[PurpleGorilla]

Higher rates than £400, say £650+, are there, it depends on skill set and who you know.

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[jamesbrown]

Highly unlikely. You'd be very niche and imposing a limit on yourself of where you can work, which places risk on future roles. If you can carry your skillset across industries, then it's always better.

There's a massive off-shoring cycle underway at the moment; until Brexit kicks in or goes away, the banks are worried about how much requirement there will be for London resource.

Well, I can't speak for IT but, as others seem to be agreeing above, specialist consultancy is the way to go (and potentially WFH too). I doubt this trend in IB will reverse after June 23. There may be more roles available after June, but there are far more fundamental issues in IB. I agree w/ MrMM on compliance though - definitely where I'd be heading if I worked in this area.

[DimPrawn]

Nothing to do with immigrants, the EU, or any other daily fail headlines. All to do with banks losing money, not being prosecuted for wrecking the economy and now trying to blame everyone but themselves for it.
Have you seen the Big Short?

I haven't, is it a good film?

Maybe the banks need a bigger bailout, let's face it, a few trillion £££££ is peanuts, I'm thinking Graham's number in size at least.

[WTFH]

Nothing to do with immigrants, the EU, or any other daily fail headlines. All to do with banks losing money, not being prosecuted for wrecking the economy and now trying to blame everyone but themselves for it.
Have you seen the Big Short?