Ryanair agency DEC
 

After seeing the latest advert by Storm, am I right in thinking their advertised hourly rate (listed in £) is less than last years rate?

The rate will continue to reduce until pilots stop applying.

You are correct about Storm. When I asked them why their rate was less than BRK's the agent did not know the answer. The question is are BRK contracts on the higher rate available for new joiners? If so which would you choose? There are tiny subtle differences in the text of the contract, but over a 800hr year the drop in pay via Storm is significant. As it is RYR who decide the rates, and not the agencies, it is a RYR salary cutting move. For employees, which you are really, it is not allowed to employee 2 people on the same contract with one having less favourable conditions than the other. The subtle differences in a Storm & BRK contract seems to get round this point.
The real interesting issue is what will happen to salaries after the whole contractor scam/sham is blown wide open. If all contractors move onto the same as RYR employees the rise in crew costs will be significant. Hang on to your straps for a rocky ride to the bottom.

Ah, but now some government agencies in EU are starting to become interested. If they keep sniffing long and hard enough I doubt REPA will need to do anything; it'll be done for them and more effectively. Don't hold your breath, it could be a while, but things have definitely changed in the meantime. But before this topic goes into its usual hypothetical discussion tail-spin, let's just wait and see.