Slow contract market - Advice around taking a perm opportunity? Slow contract market - Advice around taking a perm opportunity?
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  1. #1

    Nervous Newbie

    Join Date
    Oct 2009

    Default Slow contract market - Advice around taking a perm opportunity?

    Hi. I have been contracting in risk technology at a few banks in London. But recently I have been out of contract for 8 months.

    I have been offered a permanent opportunity (the pay is a lot lower as its PAYE).

    Do you think the contract market will recover at all? and If i take the perm role should I close down my company (and claim relief) or leave it open in case another contract role becomes available in the next few months? I'm aware that if I close my company I cant open a new one again for two years.

  2. #2

    Fingers like lightning

    Join Date
    Aug 2012


    Roles are there but the competition is extreme & right now few are hiring so if you get something else take it before someone else does!

  3. #3


    Bite there hand off

    SCA projects end in the next few weeks dumping 1000’s of contractors into the market, Lloyd’s are also replacing most of their contractors with wipro - unless you have specialists skills (you don’t as been off for 8 months) - forget it

    Sent from my iPhone using Contractor UK Forum

  4. #4

    I Am Legend

    Join Date
    Aug 2006


    Some sectors are doing well in banks. Dev ops for one.

    Risk Technology is low skilled these days.

    Come April and there are going to be no permanent jobs either. Contractors will be dropped. A lucky few will go permanent. The rest will be off-shored.

  5. #5

    More fingers than teeth

    BlasterBates's Avatar
    Join Date
    Jul 2005
    1922 Commitee


    It doesn't look good

    City jobs market grinds to a halt amid prolonged Brexit uncertainty and fears of an economic slowdown

    The expected IR35 changes will probably push a lot of contractors into PAYE contracts anyway.
    I'm alright Jack

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