Just had a call from a close friend - looks like JP are going to announce a 15% rate cut from 1st November. You take it from that date or you get 4 weeks notice.......
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JP MOrgan to announce 15% rate cut
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Having been through the same scenario back in 2003 and taken the cut, my advice would be to walk.How fortunate for governments that the people they administer don't think -
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Seems a few contractors think their agent will take more than a 15% reduction to soften the blow....Comment
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15% cut whatever rate you're on it's going to be sh**te once that's gone through.
That is hefty.I'm alright JackComment
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If history is anything to go by, the 15% cut will be followed by another and another until you're either somewhere else or working for 1/2 your normal rate.
I'd bail now.Comment
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Originally posted by moorfield View Post... or take it and start looking for another gig asapCats are evil.Comment
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Originally posted by DimPrawn View PostIf history is anything to go by, the 15% cut will be followed by another and another until you're either somewhere else or working for 1/2 your normal rate.
I'd bail now.Cooking doesn't get tougher than this.Comment
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Originally posted by DimPrawn View PostIf history is anything to go by, the 15% cut will be followed by another and another until you're either somewhere else or working for 1/2 your normal rate.
I'd bail now.
However, there were other banks who cut by more and kept cutting.Comment
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Originally posted by TheBigYinJames View PostAnd be on a 100% cut.
HTHComment
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