RBS, contractors and IR35

[boxingbantz]

RBS have just announced no more limited company contractors from February 28th 2020...

[Paralytic]

RBS have just announced no more limited company contractors from February 28th 2020...

Old news

https://www.contractoruk.com/forums/...ml#post2690166

[GhostofTarbera]

I hear from a source at the bank, unlike Lloyd’s some RBS contractors will be able to continue as before if they get a director level sign off but that will be for golf buddies etc


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[ascender]

Unlike some of the other Banks, it doesn't look like RBS are going to have some sort of initiative to offer contractors the opportunity to go permanent. Permie roles can still be offered, but subject to current headcount and budgets, so I guess they're banking on most contractors just sucking it up and going umbrella.

[GhostofTarbera]

Unlike some of the other Banks, it doesn't look like RBS are going to have some sort of initiative to offer contractors the opportunity to go permanent. Permie roles can still be offered, but subject to current headcount and budgets, so I guess they're banking on most contractors just sucking it up and going umbrella.

And most will as no other options in banking sector

The games up


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[Sparky25]

And most will as no other options in banking sector

The games up


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To be honest I think you are going to see a lot more than the banking sector hit. I am not as optimistic as some. What is happening here is no mistake. Hammond knew damned well that the forcing of liability to the client would make big business baulk. We only had our liability GSK suddenly has the liability of some 1500 contractors, Business is inherently risk-averse, this is nothing less than the total destruction of the contracting market as we know it.

The fact is most companies have decided to take on contractors in bums on seats models. The agencies facilitated it and we as contractors made hay. Now that model isn't going to wash. We need to be engaged as consultancies. Unfortunately business doesn't want to do that, they want to use large consultancies charging 3 times as much, what business wants it to have the cheapness of contractors without long term commitment to staff. Well thats just been made obsolete. So either hire us in a consultancy model or just accept this type of working is finished.

[PCTNN]

RBS have just announced no more limited company contractors from February 28th 2020...

Agent: "hey PCTNN we've got a 4 month contract with rbs, are you available? You're perfect for the role"
PCTNN: "hello agent, not available at the moment, I will be available from January 2020. If, as you say, I am perfect for the role, maybe the client can wait a couple of months?"
Agent: "not possible, sorry, contract absolutely needs to be finished by end of February."
PCTNN: "oh well, that's a shame. Nevermind then"
Agent: "by the way, are you operating via ltd?"
PCTNN: "nope, umbrella company here"
Agent: "ok, client can wait. when can you interview?"

[GhostofTarbera]

Agent: "hey PCTNN we've got a 4 month contract with rbs, are you available? You're perfect for the role"
PCTNN: "hello agent, not available at the moment, I will be available from January 2020. If, as you say, I am perfect for the role, maybe the client can wait a couple of months?"
Agent: "not possible, sorry, contract absolutely needs to be finished by end of February."
PCTNN: "oh well, that's a shame. Nevermind then"
Agent: "by the way, are you operating via ltd?"
PCTNN: "nope, umbrella company here"
Agent: "ok, client can wait. when can you interview?"

Lol


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[KinooOrKinog]

Agent: "hey PCTNN we've got a 4 month contract with rbs, are you available? You're perfect for the role"
PCTNN: "hello agent, not available at the moment, I will be available from January 2020. If, as you say, I am perfect for the role, maybe the client can wait a couple of months?"
Agent: "not possible, sorry, contract absolutely needs to be finished by end of February."
PCTNN: "oh well, that's a shame. Nevermind then"
Agent: "by the way, are you operating via ltd?"
PCTNN: "nope, umbrella company here"
Agent: "ok, client can wait. when can you interview?"

What's more ridiculous is the idea that anything would be completed in four months at RBS..

[GhostofTarbera]

What's more ridiculous is the idea that anything would be completed in four months at RBS..

Indeed, 4 months of waiting around with a full project team doing nothing waiting for 3 permies to finally turn up to there weekly meeting and approve a 2 month project in my best one ever at RBS


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