Bank of America Merrill Lynch Contractor rate cut

[thelastrosbif]

funny, no cuts here, must be doing something right

[northernladuk]

funny, no cuts here, must be doing something right

Like not reading your emails

[Daventry]

Best part is when you accept the cut and start looking for a new contract. A few weeks later hand in your notice and they blacklist you because you're walking out mid contract.

[allaboutthebenjis]

My current client did it a couple of months (Bank in Manchester) ago but is not on that website. I was exempt though

[northernladuk]

Best part is when you accept the cut and start looking for a new contract. A few weeks later hand in your notice and they blacklist you because you're walking out mid contract.

Two places this has happened to me had a no notice contract as they had been obviously burned by this is the past.

[northernladuk]

My current client did it a couple of months (Bank in Manchester) ago but is not on that website. I was exempt though

Well mail the site and tell them. They can only put on what they hear and can't always be proactive.

[MrMarkyMark]

Rate cuts, furloughs certainly don't happen for all.

I have never had a furlough, or even being asked, even though others have at the same IB client co.
My friend has dodged both, over the years, even though others have been subject to both at his IB client co.

[BrilloPad]

Well mail the site and tell them. They can only put on what they hear and can't always be proactive.

The last bank I worked for me made me redundant from permanent job. I think I might just email that site out of spite for my last job. How do they check?

[gables]

Out of interest, would a rate cut like this be good for IR35?

[ShandyDrinker]

Out of interest, would a rate cut like this be good for IR35?

I don't think it would make any difference.

Although the (failed) business entity tests did have the brilliant "Client Risk Test" whereby if you were unable to recover over 10% of turnover due to non payment you were should obviously score highly... rather than being considered rubbish at risk management!