Computer Weekly is reporting that 'IT contractors in financial services upbeat despite downturn' according to the article:"Organisations have been much more restrained in their hiring post-dotcom boom and crash, and have offshored a lot of their skills base since then, so the UK contractor resources they currently have are leaner and less susceptible to cost cutting."
He said there is often robust demand for contractors during challenging economic conditions as organisations put off hiring permanent IT staff.
It is good to know that for every cloud there is a silver lining, what will be more interesting over the next few months will be which projects survive the corparate 'chop' and which ones will be emerge as a response to the financial situation.