Reply to: Rate Cut

[snaw]

Put it in perspective, people are losing their jobs, and you whinge about losing £50 a day.

And you might find a 10% rate cut still puts you ahead of the current market ...

[Foxy Moron]

Put it in perspective, people are losing their jobs, and you whinge about losing £50 a day.

[lambrini_socialist]

looks like the dreaded 10% cut will be on the cards here too at renewal time. haven't made up my mind what to do yet - i like the work and they pay early, but it's clearly just an opportunistic cash-grab on the part of clientco.

[Bear]

Do I know you? I've just been given a heads up that that will happen where I am.

Not really worried though, as I'm not due for renewal for another few months and we'll all be living in tents stealing food from the UN in the next couple of months...

Insurance?

[Ruprect]

I declined the 15% cut 4 weeks ago for certain reasons.

A. They are still making a good profit and they were just at it.
B. The job was really crap.
C. I have a plan B that could turn out good if I could get a good run at it.
D. I only want to work 6 months a year now and see the the aussies stuff the english in the Ashes this year.

Corrected above

[Mich the Tester]

Maybe they admire the cheek

The parasitic b@st@rd lying fraudulent unqualified for anything git cheek?

[Foxy Moron]

Maybe they admire the cheek

[Mich the Tester]

Apparently its Forbes

http://money.cnn.com/magazines/fortu...stries/39.html

Most of those banks are only alive today because they've recieved big income support cheques from taxpayers. Most admired? So Forbes have taken to admiring benefit scroungers?

[Foxy Moron]

Luxury! they tried to cut my rate cut!

[thunderlizard]

J10% rate cut - take it or leave it.

They're always going to say 'take it or leave it'. They're never going to say 'assuming that's OK with you'.

[Moscow Mule]

my ClientCo is imposing 10 - 15% rate cut to all contractors at renewal.

I'm on an important strategic project so they've made some allowances. I've accepted a slightly under 7% cut but they've given me 6 mths extn rathewr than normal 3.

I know they could still terminate under terms of contract but, as others have said, something is better than nothing right now.

Do I know you? I've just been given a heads up that that will happen where I am.

Not really worried though, as I'm not due for renewal for another few months and we'll all be living in tents stealing food from the UN in the next couple of months...

[denver2k]

Who's doing the admiring? Bankers? Or the same people as admired UBS last year?

Apparently its Forbes

http://money.cnn.com/magazines/fortu...stries/39.html

[Bear]

my ClientCo is imposing 10 - 15% rate cut to all contractors at renewal.

I'm on an important strategic project so they've made some allowances. I've accepted a slightly under 7% cut but they've given me 6 mths extn rathewr than normal 3.

I know they could still terminate under terms of contract but, as others have said, something is better than nothing right now.

[Mich the Tester]

D. I only want to work 6 months a year now and see the Ashes this year.

Brilliant. Did you tell them that?

[minestrone]

I declined the 15% cut 4 weeks ago for certain reasons.

A. They are still making a good profit and they were just at it.
B. The job was really crap.
C. I have a plan B that could turn out good if I could get a good run at it.
D. I only want to work 6 months a year now and see the Ashes this year.