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  1. Replies
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    Many US based firms do this now as its all part...

    Many US based firms do this now as its all part of one of their financial service sector rule's to know your staff & ONLY have perms not temps or disguised contractors.
    Sarbanes–Oxley Act - Wikipedia
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    Forget any war chest I have gone through about...

    Forget any war chest I have gone through about £100K's worth of war chest thinking it was enough over the decades...it never is! When you are not earning anymore your expenditure rises dramatically!!
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    Good job the competency part is never enforced or...

    Good job the competency part is never enforced or many of us would never have worked in IT!!
  4. Replies
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    Ease migration rules for Indians to win...

    Ease migration rules for Indians to win post-Brexit deals, say MPs | Politics | The Guardian

    Having a government who actively thinks this does not help UK IT workers at all does it!
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    Lot of zombie companies around as well just doing...

    Lot of zombie companies around as well just doing enough to survive so naturally they are not looking to spend anything more than the absolute minimum.
  6. Replies
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    What happens is some new fresh out of the MBA...

    What happens is some new fresh out of the MBA program greatest ever business person (and close relative of the CEO!!) graduates & knowing way more than anyone else (despite having minimal actual...
  7. Replies
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    Sorry to hear that but its also inevitable. The...

    Sorry to hear that but its also inevitable. The race to the bottom will continue as long as they can get away it sadly as its an easy way to boost profit by reducing headcount costs.
  8. Replies
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    Its not just Brexit either there are lots of EU...

    Its not just Brexit either there are lots of EU nationals here sitting in IT jobs earning less money than you or I might command!
  9. Replies
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    Recruitment agents standards are getting lower...

    Recruitment agents standards are getting lower than ever! Its not attracting experienced people so often which is reflected in the level of service they provide!!
  10. Sticky: Applying for low paid contracts will not usually...

    Applying for low paid contracts will not usually work as they want specific experience & as you said many will sniff its a stop gap role for you so avoid you as a viable candidate. If you take a perm...
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    Insurance sector is an anomaly though (due to...

    Insurance sector is an anomaly though (due to Brexit they have an urgent need to make certain changes) its not FS sector either!
  12. Replies
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    Some sectors are booming while others (financial...

    Some sectors are booming while others (financial services especially) are heading the other way!
  13. Stay where you are & be grateful for the £82K!...

    Stay where you are & be grateful for the £82K! SAP in London there are several 100 earning way less than £82K perm for sure! The bubble burst on SAP several years ago right now contractor salaries...
  14. What exactly do you do? Unless its very niche...

    What exactly do you do? Unless its very niche stick to the £82K perm & be happy where you are as contracting is a lot of uncertainty especially if you have a family to provide for & bills to pay on...
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    Join the club had 2 roles recently fall apart as...

    Join the club had 2 roles recently fall apart as they decided to get existing IT staff to cover instead to save paying for the contractor!
  16. Replies
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    Societe generale is no big surprise a rogue...

    Societe generale is no big surprise a rogue trader lost about 7.2billion a few years ago. Cutting staff is the only way they can recover those losses! How Jerome Kerviel lost $7.2 billion - Business...
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    Read this from most recent post go back a few...

    Read this from most recent post go back a few pages and see how uncommon this actually is!
    https://www.contractoruk.com/forums/business-contracts/31505-i-just-need-get-two-references-119.html
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    OP your joining the other 750 or so applicants...

    OP your joining the other 750 or so applicants per role. Many will have a lot of experience contracting. Just having worked 14 years in Financial Services with big banks is not really uncommon...
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    Banking IT has been in a bad state for a while...

    Banking IT has been in a bad state for a while now. The IT perms are also worried as they can see their jobs going to a cheaper overseas based option wherever possible. As you mention contracts are...
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    Keep billing think of the money as this is very...

    Keep billing think of the money as this is very common no point trying to fight it unless you want to work elsewhere!
  21. OP would not worry much about wipro. As others...

    OP would not worry much about wipro. As others have already said you will only be there about 4-6 months until they can identify the scope of the role & replace you for someone imported from outside...
  22. VAT always get backdated you know you have to...

    VAT always get backdated you know you have to keep it for HMRC right? This request sounds a little suspect because of this!
  23. This x 1000 its not like OP has a massive brand...

    This x 1000 its not like OP has a massive brand name as their calling card is it!
  24. I did this a while back the agent went on holiday...

    I did this a while back the agent went on holiday before he got to the interview stage. When he came back I got the contract through another agency so he threatened the inv bank with breach of...
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    That is why they use outsourcers who do all the...

    That is why they use outsourcers who do all the work for them under the disguise of work via schemes meat for other forms of workers! Do you think the government ever check up on them! The outsourcer...
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    I find this very hard to believe! Cheap yes...

    I find this very hard to believe! Cheap yes certainly. Highly skilled only in their own heads! Just because companies hire you as your cheaper do not get confused that its anything to do with...
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    Nope its £6K max combined! Now its way tighter to...

    Nope its £6K max combined! Now its way tighter to even get crumbs due to all the imported citizens milking the system dry as a bone! They tell you to sell homes, cars & any other assets of value...
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    Its under £6K nowadays. If you have a mortgage...

    Its under £6K nowadays. If you have a mortgage they expect you to downsize BEFORE claiming as well. If you own a car, boat, or holiday home you have to sell it. They will only give you the £317.87...
  29. EU developer who was exploiting the UK moans as he had to leave!

    Tech developer quits UK saying Brexit has ‘killed’ his business | Politics | The Guardian

    Couldn't hack the drop in the £ making cheap offshore resources too expensive. Shame the article doesn't...
  30. OP mentioned Support in his opening remarks did...

    OP mentioned Support in his opening remarks did you not read that first! Support is very much driven by age & cost factors nowadays experience counts for little they want the cheapest option where...
  31. @ OP good luck buddy but its not going to be easy...

    @ OP good luck buddy but its not going to be easy its all about rate & age. If your early 20s to mid 30s it will be easier as they will lowball you rate wise if your late 30s or into your 40s its...
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    Its an IT call logging system which also has the...

    Its an IT call logging system which also has the ability to create reports & can be customised for each end client. Not an easy app to gain experience with either!
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    In that case tell them only 1 week before to get...

    In that case tell them only 1 week before to get the extra income.

    It may seem harsh but trust me most IT agencies treat contractors like disposable resources when it suits them as that is all...
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    Do not tell the agency until you are about 6-7...

    Do not tell the agency until you are about 6-7 months into the pregnancy.

    They seem nice people to you now so do the client but trust me on this I have well over 20 years IT contracting...
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    Your education system must be exceptionally poor...

    Your education system must be exceptionally poor if this is your understanding. The one & ONLY reason companies are allowed to flood the UK with migrants (your not anywhere as skilled as you think...
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    OP being very cautious that are is full of Tier 2...

    OP being very cautious that are is full of Tier 2 based outsourcers many go bust or take the funds out fast so go for weekly payments & also expect to be replaced sometime by a cheaper Tier 2...
  37. OP you give agencies far too much credit most are...

    OP you give agencies far too much credit most are now staffed with very cheap to hire inexperienced sales & performance based workers with minimal if any IT experience.
  38. Replies
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    As discussed earlier they let go a lot of staff...

    As discussed earlier they let go a lot of staff go. 2800 already with another 1400 due before EOY although its unknown how many in the UK. Most likely some of those are contractors.
    Deutsche profits...
  39. Exactly but try telling the people who run these...

    Exactly but try telling the people who run these departments! Also many of the Traders & other senior banking figures would fail these checks but they turn a blind eye to that otherwise they would...
  40. Lloyds Banking make you pay for your own. Its £50...

    Lloyds Banking make you pay for your own. Its £50 comes out of your first payment as well.
  41. This is not new at all I got this over 5 years...

    This is not new at all I got this over 5 years ago its pretty common practice nowadays. Your compliance department must have finally woken up!
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    All I can add is I used to be managed by someone...

    All I can add is I used to be managed by someone who went onto become the head of IT @ BP. Not sure if they are still there now but this person was a classic non manager executive who had grand ideas...
  43. This reminds me of Credit Suisse & Morgan Stanley...

    This reminds me of Credit Suisse & Morgan Stanley in Canary Wharf. Both directly opposite each other in Cabot Square. Staff used to hop between the sites all the time. They used to both enforce if...
  44. Replies
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    Read this thread backwards its been bad for many...

    Read this thread backwards its been bad for many years now unless your a niche developer. Infrastructure especially most of that is now outsourced out to the lowest bidder (usually a non UK based...
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    ICT is a well known scam ONLY reason it has not...

    ICT is a well known scam ONLY reason it has not been stopped is someone with political power likes bringing cheap offshore IT workers into UK. No realistic skills shortage for well over a decade now.
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    Probably none in UK. How many Tier 2 Visa...

    Probably none in UK. How many Tier 2 Visa specialists do you think there are operating in the UK either locally or offshore (or both where they get they phones rerouted to an offshore location) who...
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    Its no big surprise is it as there is absolutely...

    Its no big surprise is it as there is absolutely no-one who champions this cause just a bunch of wealthy globalists who want to see cheap workforce remain forever as it boosts their profits &...
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    In the 1990s I was taking home around £80K PA so...

    In the 1990s I was taking home around £80K PA so yes rates have dropped steadily! Its now a race to the bottom ever since the credit crunch if you include inflation then many rates are a lot lower....
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    Not sure what your expectations are or were but...

    Not sure what your expectations are or were but everything you describe is exactly how it goes down on many contracts. They would not even need you if they could get existing perm resource to cover...
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    This is usually the norm though & sounds like...

    This is usually the norm though & sounds like almost every contract I ever did (and I have done well over 20 by now!). Contracting is just not for you I am sure the company you mention is a very poor...
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