Reply to: State of the Market

[SchumiStars]

This is crazy
Not being funny but seems like you are being paid an offshore rate for an onshore job.

Have you looked at companies like Detica / BAE systems? They are chock full of technical people from top unis.

Has a switch been flicked. I've been banging my head against a brick wall for months getting nothing. Since the end of last week I'm seeing a big uptick in roles and actual agent interest. Had 2 interviews this week already and another one lined up as well as another few possibles. Might be a lucky week but its like night and day to the start of this year.

Still tulip. Looks as if it's getting worse with fewer roles on jobserve.

[pjt]

Has a switch been flicked. I've been banging my head against a brick wall for months getting nothing. Since the end of last week I'm seeing a big uptick in roles and actual agent interest. Had 2 interviews this week already and another one lined up as well as another few possibles. Might be a lucky week but its like night and day to the start of this year.

[edison]

It's worked pretty well for Japan. Hardly any inflation for decades, decent tax rates, reasonable house prices etc.
Of course, they have other issues, but ultimately their citizens are not flocking to emigrate so must be reasonably happy.

I'm not sure Japan is a good comparison. It's one of the most homogenous countries in the world, on the one hand they are very global, on the other, very inward looking.

As you say, they have other issues, mainly the loss of the 'job for life' culture, one of the world's most aging populations and a very low birth rate.

[avonleigh]

IR35 won't be pulled by Labour, they were the ones who brought it in. Dawn Primarolo gets the credit for that.

[rocktronAMP]

Why would the IR35 changes be repealed now, especially under Labour? they need all the money they can get, so I wouldn't be surprised if more taxes are on the way and businesses are going to be the ones paying.

As for gov contracts, isn't everything going to be put on hold for now until after the election? new gov will be forming new groups for pretty much everything, so I can see a lot of unknowns on the horizon.

That was my point. Anyone hoping for a Liz Truss style reform if Labour win the UK GE is going to be very disappointed. Not. Going. To. Happen.

As for contracting and tendering, these are happening now, so the attitude will be "Ok we now to close this tendering A.S.A.P and get something over the line". Business 2 Business has to continue onwards, at the very least, the BAU business as-usual parts of it. I think the reverse. I agree with you Dsc that today is too late for the procrastinators who were just about release a tender RFC; prevaricated they did, snoozed and they just lost. Ha!

[dsc]

I very much doubt that Off Payroll Worker Rules 2020/2021 will be repealed by Labour (https://www.gov.uk/guidance/understa...l-working-ir35).
Because of this legislation, it difficult for me to imagine the big investment banks rolling back the blanket bans of outside IR35 and also the jobs are not there in the economy yet. The announcement of the UK General Election, today, has really caught Sir Keir Starmer on the hop, because I was expecting 4th November 2024!

Like everywhere else in the world, I suspect the future economic outlook really does lie over the pond in November '24 between Biden and Trump.

The good news is that my consultancy and others I hear are in bidding wars from the government, tendering for contracts and other places for the last 3 weeks. I have not been involved in those bids this time around, but I can confirm there are more clients in April and May wanting work done. Hopefully both contract and perm opportunities might be happen sooner, be a knock on for some of you's on the bench. Keep your heads held up high and start practicing again your interviewing and technical skills.

Why would the IR35 changes be repealed now, especially under Labour? they need all the money they can get, so I wouldn't be surprised if more taxes are on the way and businesses are going to be the ones paying.

As for gov contracts, isn't everything going to be put on hold for now until after the election? new gov will be forming new groups for pretty much everything, so I can see a lot of unknowns on the horizon.

[rocktronAMP]

General election July 4th. Some good news :-)

I very much doubt that Off Payroll Worker Rules 2020/2021 will be repealed by Labour (https://www.gov.uk/guidance/understa...l-working-ir35).
Because of this legislation, it difficult for me to imagine the big investment banks rolling back the blanket bans of outside IR35 and also the jobs are not there in the economy yet. The announcement of the UK General Election, today, has really caught Sir Keir Starmer on the hop, because I was expecting 4th November 2024!

Like everywhere else in the world, I suspect the future economic outlook really does lie over the pond in November '24 between Biden and Trump.

The good news is that my consultancy and others I hear are in bidding wars from the government, tendering for contracts and other places for the last 3 weeks. I have not been involved in those bids this time around, but I can confirm there are more clients in April and May wanting work done. Hopefully both contract and perm opportunities might be happen sooner, be a knock on for some of you's on the bench. Keep your heads held up high and start practicing again your interviewing and technical skills.

[avonleigh]

General election July 4th. Some good news :-)

[Unix]

Client co just did a big company wide lay off, contractors not effected is seems (so far). I think nothing changes until after the US/UK elections and a 2 or 3 interest cuts by the FED/BoE. Middle of next year before it starts getting back to good old days.

Or maybe next month

[CoolCat]

I agree. As a British born indian, born in the 70's. This has also effected me and my family as well other's. We have the same discussions that the influx of 'desi' indian nationals undercutting us is a cause for concern and admit we also are not happy about it.

thanks for the honesty

[avonleigh]

Inflation down to 2.3%, come on lads, start hiring...

But higher than BOE was expecting. So now interest rates won't get cut to November it seems. Mint.

[dsc]

interest rates 5.25% - it costs money to invest and until this Government is replaced the future is too uncertain

I'd throw in expected tax rises as well, as apparently tax cuts are not advised considering how big the deficit is already...

[Paracelsus]

Right, although there are two parallel developments, immigration and offshoring. You cannot isolate an economy to fight these structural changes (without dire consequences, such as persistent inflation and higher taxes).

It's worked pretty well for Japan. Hardly any inflation for decades, decent tax rates, reasonable house prices etc.
Of course, they have other issues, but ultimately their citizens are not flocking to emigrate so must be reasonably happy.

[Unix]

Inflation down to 2.3%, come on lads, start hiring...

Client co just did a big company wide lay off, contractors not effected is seems (so far). I think nothing changes until after the US/UK elections and a 2 or 3 interest cuts by the FED/BoE. Middle of next year before it starts getting back to good old days.

[eek]

Inflation down to 2.3%, come on lads, start hiring...

interest rates 5.25% - it costs money to invest and until this Government is replaced the future is too uncertain