In times of uncertainty, hiring interim resources would be the most measured approach for Financial Services firms. In recent times this has been complicated by the upcoming roll out of offpayroll rules to the private sector which come into place in April 2020. Whilst many aspects of IR35 changes remain “up in the air”, it seems that for the most part Financial Services firms will have a ban on or be very reluctant to hire resource through Private Services Companies (PSCs).
During Q4 we also had a decisive election result which means the UK will leave the EU and the remaining questions are around what the deal, if any, will look like. These major political and legislative changes have hung heavy in the air from a hiring perspective and whilst most will have strong opinions on the outcomes, the early signs are the modicum of clarity will allow for more effective planning.
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