If you are on £400 and don't want to take a 15% cut, give it to me
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JP MOrgan to announce 15% rate cut
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Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishing -
I cant believe how lucky I've been on my rate, I was above market rate when I started gig and even offered to take a rate cut on my renewal last week, but they said no , its the bank that has not been that hard hit.Comment
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Originally posted by swamp View Postclients should not be surprised if contractors phone in sick for three weeks in order to escape their notice period.
I agree that they should be able to implement new rates at the end of the contract rather than terminate it on this basis - unless the company went bust or there are other valid reasons for contract termination, however if you were making good rate in good times (which were fairly long) you should not be suprised you get lower rate in bad times, effectively this is to be expected really.Comment
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I am interested to hear Dodgys take on this
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("")("") Born to Drink. Forced to WorkComment
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Originally posted by TazMaN View PostIt would probably making an interesting anti-IR35 pointer too if you took a rate-cut for performing the same contractual duties.Cooking doesn't get tougher than this.Comment
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Originally posted by TheBigYinJames View PostIt's a business to business model, if they demand your business lowers its prices or else they'll stop using you
Perhaps rate change situation should be part of all contracts so that it is clear what's going to happen in this case. Say, maybe contracts should say - if one of the parties comes up with new rate proposal (and this includes contractot as well as business that uses him), then if no agreement on that can be reached X weeks notice is given. So that it works both ways and this is the get out clause for both sides, not just for one at it currently seems to be the case.Comment
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Originally posted by BrilloPad View PostApparently during the last recession (2001-2003) JP only did a single cut - for 10%.
However, there were othr banks who cut by more and kept cutting.
PS IMHO You Can't expect rates to remain constant in a recession.The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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If this bank is receiving any form of bailout or support from the Government I would demand a 15 per cent increase given so many of the top bamkers have creamed money from the baliout program.Comment
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Originally posted by TheBigYinJames View PostMy rates fluctuate, sometimes I'm up sometimes I'm down. That's life. Expecting to earn more and more with each passing year might be OK for certain very niche people (and permies seem to desire this too) but most of us out here ride the waves of the market, and that means sometimes you'll be earning less than you were before, sometimes more. Nothign wrong with it, and I resent the seafoodnugget's implication that you're all washed up just because you have to work for 10% less than last year.Let us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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Originally posted by d000hg View PostThat's a pessimistic view. A 15% cut on a rate £500 leaves you on £425 which is hardly a bad rate, especially if you got £500 a year ago when things were relatively peachy.Comment
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