IT Contracting since 1993 IT Contracting since 1993
Page 1 of 3 123 LastLast
Posts 1 to 10 of 27
  1. #1

    Nervous Newbie


    Join Date
    Dec 2019
    Posts
    10

    Default IT Contracting since 1993

    It's comes to an end! I came over to the London, UK in 1993 from NZ on my big OE, intended to travel around Europe for 2 years and work part time, well 26 years later I am married to an EU citizen (not UK), kids.....and it's sadly coming to an end. I must say the most affluent years in the UK for IT contractors were between 1993 -2001. I can remember my 1st job at Banker Trust for £35ph doing mainframe stuff. It was so ridiculous, people were getting paid £500-£800 sometimes a day for not knowing much 1996-2000 or sometimes doing little, economy was thumping strong, the city was exciting and fun, late night parties. Huge Xmas parties I remember once Swiss Bank hosted Hot Chocolate as their Xmas band with thousands of people. Tax benefits were good as a contractor. Then after 09/11 things suddenly dropped very quickly, most weren't employed but then about 2 years after things started picking up again, then dropped in 2009 in the financial crisis and have never recovered since. Sad but true!

    With these stupid IR35 laws it's now for me depart, well that's the plan. To my retreat in Majorca that I've had since 2003. in my 50's now I'm going to do some remote consulting, I have a EU passport as well. I have noticed a lot of NZ/Aus/SA have left the UK. Modern world has changed no longer were the days of backpacking around Europe for a laugh and earning money as an part time accountant or a IT Contractor. They have left for the reason of IR35 and economy has weakened they are not stupid they are not coming here to be earning less money in a expensive city and they are not here to work full time. I can't see UK attracting NZ/Aus to come to the UK for what benefit? when they can go to US or Canada for way more money and way more benefits which is happening at a rapid rate, especially coming here..... now a shaky island. And Boris's points system, up yours mate!

    I remember all the good times, yep they were amazing. London has changed a lot and I've spent most of my life here but it's time to get out, I can see things getting a lot worse.

    And I must say Tony Blair years were the best, the economy was super strong, not saying I like him at all!

    Ciao my friends!

  2. #2

    Some things in Moderation

    cojak's Avatar
    Join Date
    Jul 2005
    Location
    Look to your right...
    Posts
    20,422

    Default

    Quote Originally Posted by canoas View Post
    It's comes to an end! I came over to the London, UK in 1993 from NZ on my big OE, intended to travel around Europe for 2 years and work part time, well 26 years later I am married to an EU citizen (not UK), kids.....and it's sadly coming to an end. I must say the most affluent years in the UK for IT contractors were between 1993 -2001. I can remember my 1st job at Banker Trust for £35ph doing mainframe stuff. It was so ridiculous, people were getting paid £500-£800 sometimes a day for not knowing much 1996-2000 or sometimes doing little, economy was thumping strong, the city was exciting and fun, late night parties. Huge Xmas parties I remember once Swiss Bank hosted Hot Chocolate as their Xmas band with thousands of people. Tax benefits were good as a contractor. Then after 09/11 things suddenly dropped very quickly, most weren't employed but then about 2 years after things started picking up again, then dropped in 2009 in the financial crisis and have never recovered since. Sad but true!

    With these stupid IR35 laws it's now for me depart, well that's the plan. To my retreat in Majorca that I've had since 2003. in my 50's now I'm going to do some remote consulting, I have a EU passport as well. I have noticed a lot of NZ/Aus/SA have left the UK. Modern world has changed no longer were the days of backpacking around Europe for a laugh and earning money as an part time accountant or a IT Contractor. They have left for the reason of IR35 and economy has weakened they are not stupid they are not coming here to be earning less money in a expensive city and they are not here to work full time. I can't see UK attracting NZ/Aus to come to the UK for what benefit? when they can go to US or Canada for way more money and way more benefits which is happening at a rapid rate, especially coming here..... now a shaky island. And Boris's points system, up yours mate!

    I remember all the good times, yep they were amazing. London has changed a lot and I've spent most of my life here but it's time to get out, I can see things getting a lot worse.

    And I must say Tony Blair years were the best, the economy was super strong, not saying I like him at all!

    Ciao my friends!
    Tar-ra and don’t let the door hit yer arse on the way out...
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
    - Voltaire/Benjamin Franklin/Anne Frank...

  3. #3

    I Am Legend


    Join Date
    Aug 2006
    Posts
    108,496

    Default

    I started October 1988. And I bet a few here have got many more years on me.
    Fight HMRC now! Help sue HMRC individual officers/government ministers for malfeasance in office. Visit https://www.loanchargejustice.com/ and scroll to the bottom of the page to donate.

  4. #4

    Super poster

    Lockhouse's Avatar
    Join Date
    Apr 2006
    Location
    The 1950's
    Posts
    4,485

    Default

    Quote Originally Posted by BrilloPad View Post
    I started October 1988. And I bet a few here have got many more years on me.
    Oct '87 here, but a lot of what he said rings true.
    ...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...

  5. #5

    Nervous Newbie


    Join Date
    Dec 2019
    Posts
    10

    Default

    Quote Originally Posted by Lockhouse View Post
    Oct '87 here, but a lot of what he said rings true.
    What was contracting like 87-93 outta of interest? When I arrived in 93 IT was starting to kick off and there were a lot of jobs around, well in the city of London anyway. in 93 I don't think there were that many IT companies/jobs around Reading etc back then.

  6. #6

    More time posting than coding

    Manic's Avatar
    Join Date
    Jul 2008
    Posts
    406

    Default

    Salaries have risen quicker elsewhere. the US especially. The economy will be fubared if they do here, everyone is so used to paying the same costs for the last 10 years we'll all be saying "how much?!!!!
    "

  7. #7

    I Am Legend


    Join Date
    Aug 2006
    Posts
    108,496

    Default

    Quote Originally Posted by canoas View Post
    What was contracting like 87-93 outta of interest? When I arrived in 93 IT was starting to kick off and there were a lot of jobs around, well in the city of London anyway. in 93 I don't think there were that many IT companies/jobs around Reading etc back then.
    1990-1992 was tough. Back in 1986 £150 a day was common. It was about £220 by 1989. It was then static until 1992. Then it rocketed.
    Fight HMRC now! Help sue HMRC individual officers/government ministers for malfeasance in office. Visit https://www.loanchargejustice.com/ and scroll to the bottom of the page to donate.

  8. #8

    Double Godlike!

    BR14's Avatar
    Join Date
    Jun 2017
    Location
    Under your kitchen sink
    Posts
    10,910

    Default

    first contract was 1974
    was great until microprocessors, internet and web developers buggered it up for us.
    Entropy is NOT what it used to be.
    Inertia, however........................

  9. #9

    Godlike

    ladymuck's Avatar
    Join Date
    Sep 2005
    Location
    London
    Posts
    9,457

    Default

    Being a mere whippersnapper by not starting out until 2005, all I can say is that recessions seem to be when I get my longest gigs. Currently on my highest rate to date. CBA to work that out in relative terms to when I started out on £150 a day.

  10. #10

    Super poster

    Lockhouse's Avatar
    Join Date
    Apr 2006
    Location
    The 1950's
    Posts
    4,485

    Default

    Quote Originally Posted by canoas View Post
    What was contracting like 87-93 outta of interest? When I arrived in 93 IT was starting to kick off and there were a lot of jobs around, well in the city of London anyway. in 93 I don't think there were that many IT companies/jobs around Reading etc back then.
    Up until 1989 it was great - I was on about £1000pw doing COBOL then the mainframe market shrank by 80% virtually overnight. Lots of contractors were affected. It was really tough for a year - I did piece work for a mate who owned a company working in "micro-computing" and learnt half a dozen PC packages at the same time (dBase, Paradox, etc). Nearly came a cropper financially. After fourteen months of hand to mouth I managed to blag my way into a brokers at London Bridge programming Clipper(!!!). The market really took off in 91/92 and the rest is history.
    ...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •