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  1. Replies
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    Should be coming off the bench in the next week...

    Should be coming off the bench in the next week or so with a 12 month WFH ONLY role which has reasonable £££ so I am a very lucky person considering how bad in general the job market is right now!
  2. Replies
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    Few will hire a lot of staff are working from...

    Few will hire a lot of staff are working from home. Even if a vaccine was found today it would take 2 years for it to be readily available so in the meantime the job market is in a temp holding...
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    FTSE reversed course its down almost 3% now! US...

    FTSE reversed course its down almost 3% now! US futures are also reversing they are flat so probably another down day coming up.
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    Futures Investing News - MarketWatch...

    Futures Investing News - MarketWatch
    But they reversed overnight on stimulus hopes which is weird as the economy is not going to recover for many months is it!
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    Sadly I agree I think its going to last a long...

    Sadly I agree I think its going to last a long time as well this evening the US markets dropped over 12% so tomorrow morning London will respond with another 7-8% at the open. US Stock futures are...
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    If the global run on the financial markets...

    If the global run on the financial markets continues there is not going to be much of an economy left & no-one right now knows where its heading or what is going to happen next!
  7. White caucasian do as well I can confirm from 1st...

    White caucasian do as well I can confirm from 1st hand experience of being on the receiving end of such treatment !
  8. UK should do the same in reverse MUST have UK...

    UK should do the same in reverse MUST have UK citizenship as surely if EU can openly do this it cannot be illegal to discriminate in the UK can it!
  9. Replies
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    Correction levels for the global indices now so...

    Correction levels for the global indices now so that alone will take most IT Contract roles away for a while!
  10. Replies
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    IR35 is aimed more at people like Eamon Holmes &...

    IR35 is aimed more at people like Eamon Holmes & Footballers earning million rather than IT contractors! Just a shame HMRC refuse to treat IT contractors differently!
    Eamonn Holmes faces a GBP250k...
  11. Replies
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    You sure can! No realistic limit on how many ltd...

    You sure can! No realistic limit on how many ltd companies you can open.
  12. Replies
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    Good luck but I did that several times when the...

    Good luck but I did that several times when the job market was bad & wish with hindsight I just shut them down early & banked those thousands instead for a rainy day! Its so easy to open a new ltd...
  13. Replies
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    This is exactly why you shut it down as those...

    This is exactly why you shut it down as those accountant fees stackup fast!
  14. Replies
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    Closed mine & paid the HMRC their corp tax. It...

    Closed mine & paid the HMRC their corp tax. It takes so little effort to open another ltd company. If the new rules are favourable to IT contactors then more than likely you will need a new payment...
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    HSBC to shrink investment bank and cut 35,000...

    HSBC to shrink investment bank and cut 35,000 jobs after profit slump
    Not great news for any IT Contractors left there!
  16. Big difference is they came here to settle &...

    Big difference is they came here to settle & contribute not take what they could & go back home with it!
  17. Spot on its just not a level playing field if...

    Spot on its just not a level playing field if your born in the UK & want to continue to work in IT. I have plenty of 2nd & 3rd generation british born indian friends who more than most absolutely...
  18. Do not think its even possible as they already...

    Do not think its even possible as they already take so many jobs from UK IT contractors!
  19. Replies
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    Effectively yes that's correct!!

    Effectively yes that's correct!!
  20. Replies
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    ONLY reason DB has not yet collapsed is its...

    ONLY reason DB has not yet collapsed is its propped up by the EU & IMF to prevent contagion. Its an open secret on many Trade Floors in London its when not if I goes under!
  21. Replies
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    DB are happy for anyone to work there considering...

    DB are happy for anyone to work there considering the dire financial situation they are in!
  22. Replies
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    Big banking projects for many years now have been...

    Big banking projects for many years now have been a race to the bottom rate wise with few exceptions.

    By the time IR35 is sorted out (or not most likely!) a lot of IT work for banks will have...
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    Take the 143K but clearly when they find out...

    Take the 143K but clearly when they find out their mistake your either going to be asked to reduce or they will make your position go away do not expect to earn that for long as someone will notice...
  24. Replies
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    As others have said avoid high mortgages its not...

    As others have said avoid high mortgages its not sustainable long term as IT salaries will continue to drop due to increased competition. Would not borrow more than £250-300K max regardless of income...
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    Our salaries are or were!

    Our salaries are or were!
  26. Replies
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    Left a sinking ship role with an IB in mid...

    Left a sinking ship role with an IB in mid December as the budget was only for a few more weeks & the project was sinking fast due to a terrible PM not understanding his own project plan!! Had I...
  27. Replies
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    Maybe not you but they are still doing this...

    Maybe not you but they are still doing this taking other routes like hiring management consultants & or outsourcers who hire the contractor directly instead bypassing all the usual onboarding rules...
  28. Replies
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    Depends on the clients vetting requirements it...

    Depends on the clients vetting requirements it can take 6-8 weeks if investment banking or financial services based!
  29. Replies
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    Sounds exactly like role I left a few days ago as...

    Sounds exactly like role I left a few days ago as I knew I had something better lined up so the money & hassle from working closely with psychos no longer appealed to me!!
  30. Replies
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    23% no big surprise HSBC are also one of the...

    23% no big surprise HSBC are also one of the worse IBs to work at its all about cost cutting as for years the IT bosses have promised to save £120M per year! Where else would they save that except...
  31. Around 50% perhaps slightly higher they do not...

    Around 50% perhaps slightly higher they do not pass most of the rate onto the actual contractor or whatever you want to name the resource as they are not really contractors more like tax & national...
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    Happens all the time. Good friend of mine...

    Happens all the time. Good friend of mine recently got canned from a project to be replaced by a cheaper resource from India who struggled with basic English! The PM is a total m0r0n who does not...
  33. Replies
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    Had a call from a really desperate agent based in...

    Had a call from a really desperate agent based in India today insisting I give him several references as he had a role with an immediate start but I still needed to give him several...
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    Probably nepotism he had a friend or friend of a...

    Probably nepotism he had a friend or friend of a friend who they wanted to hand the job to but they have to be seen to be impartial! This happens a lot in IT especially with the more well paid...
  35. Replies
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    Not so sure its Brexit we have been in recession...

    Not so sure its Brexit we have been in recession for quite some time what goes up must always go down eventually. Inv bank client I am working at has made 100s of traders & front office support staff...
  36. Replies
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    Banks are also starting to lose interest in...

    Banks are also starting to lose interest in outsourcers & hiring UK IT talent again on sensible rates !
  37. Replies
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    Keep looking its quiet but a few banks are going...

    Keep looking its quiet but a few banks are going full speed ahead on projects they cannot delay. Lots of hiring managers on holiday is why so very quiet.
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    OP this is usually because they have a budget to...

    OP this is usually because they have a budget to use up so your the hire to make the numbers up! Either keep billing or quit. These roles never ever offer anything much more than regular income.
  39. Roles are there but the competition is extreme &...

    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!
  40. Replies
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    Look at bank balance & daily rate then look at...

    Look at bank balance & daily rate then look at how hard you would need to work in another industry to earn even half that same amount of ££££ is the answer!!
  41. Replies
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    After spending some time on the bench I have...

    After spending some time on the bench I have managed to secure a decent contract in investment banking so never give up & keep looking all the time if the role is there you have to apply very quickly...
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    Seriously doubt they would give you £100K unless...

    Seriously doubt they would give you £100K unless your a board director or senior manager! Statutory redundancy is nowhere near that level even in banking.
  43. Replies
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    OP you will spend up to £35k in legal fees move...

    OP you will spend up to £35k in legal fees move on & it sounds like you are just not cutout for contracting this happens ALL THE TIME!
  44. Replies
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    OP they are playing you find something else the...

    OP they are playing you find something else the gravy train is ending soon and huge sigh of relief from you no IR35 issues (although that can change later!).
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    Unless your a rocket scientist with niche...

    Unless your a rocket scientist with niche currently indemand IT skills I would not bother relocating!
    https://www.contractoruk.com/forums/business-contracts/114560-state-market-190.html
  46. Replies
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    Its been like this for a long time now you got...

    Its been like this for a long time now you got lucky before or had a decent network to fall back on if this is your first experience of the massive IT contracts downturn.
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    After a $354 Billion U.S. Bailout, Germany’s...

    After a $354 Billion U.S. Bailout, Germany’s Deutsche Bank Still Has $49 Trillion in Derivatives
    $354 billion US bailout! Many things happen in silence where big business & too big to fail are...
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    They avoided the bail out ONLY because they were...

    They avoided the bail out ONLY because they were silently propped up in the background to stop another Lehman brothers collapse contagion event! This has been common knowledge in the Trading Sectors...
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    Its tough but also to be fair they have been...

    Its tough but also to be fair they have been propped up since 2008 by Germany & Merkel using the EU as a slush fund to support German big business. They should have collapsed then but only Merkel &...
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    Deutsche Bank staff sent home as 18,000 job cuts...

    Deutsche Bank staff sent home as 18,000 job cuts begin - business live | Business | The Guardian
    Contractors being sent home from the London office now apparently.
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