Lloyds to refuse to hire contractors unless they are on the payroll

Lloyds Banking Group has told its contractors it will no longer engage them unless they move onto PAYE or work through umbrella companies.

The Financial Times reports the banking giant has made the decision due to off-payroll working (IR35) rules being extended into the private sector from April next year.

Recruiter understands that should Lloyds have an ongoing requirement for a contractor with a specific capability, they will seek to offer the contractor a permanent role but for contractors working in positions where the requirement is deemed more medium term, they would be transitioned into a PAYE arrangement.

Last week, an email purportedly sent from Barclays Bank to its line managers revealed the banking giant told its contractors it would no longer engage them unless they go into PAYE by the end of February 2020.

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is recruiter.editorial@redactive.co.uk

Insurance company creates 100+ jobs in Ireland

Liberty Insurance has announced plans create up to 120 jobs in its Cavan operations in Ireland over the next three years.

UK&Ireland 10 October 2019

Alcuin Capital invests in Gravitas Recruitment

Alcuin Capital Partners has taken a minority shareholding in Gravitas Recruitment Group.

Contracts 9 October 2019

EY recruits on island of Ireland

EY is set to create 136 new jobs at its Belfast office.

9 October 2019


This week’s appointments include: Airswift, City Executive Search, Eames Consulting Group, Eden Scott, Fircroft, HRC Recruitment, Jackson Hogg, Randstad, Resource Solutions, Rota, Talent Intuition

People 7 October 2019