Depends how long those contractors can live without a salary/dividend versus the priority of the banks projects. Some people need to work to survive although I imagine there is a fair amount of deferred dividends needed to be drawn down first. I imagine the Indian outsourcers will be winners.
5 posts • joined 28 May 2018
This is not a pay cut, this is the contractor having to pay the same taxes as the permie employee sitting next to them. Same job, same taxes. If you like the option to still roam and take up other employment there is nothing stopping you. Perhaps someone will up your rate, from what I see that is not likely to happen. Lots of public sector IT contractors ejected to the private sector, finally fair taxes are catching up with all contractors. Having worked on both sides I think equality of tax is a fair outcome.
Re: Fucking Brexit
If the EU has to punish people who leave what are they doing to the people that stay? Seems incomprehensible that leavers need punishment because surely they are leaving the good place? Think about it. It's best we leave, the kick up the backside will propel us into new, exciting and prosperous beginnings. Our own space agency, using our own encryption monitored from islands that we manage. Looking forward to it. The Euro will eventually make the EU implode. Best leave early and deal with the downturn from outside.