Mostly that bad or worse at the moment. I think we've got around a 1-2% hit rate through agents and job sites.
Despite being finance sector, we don't expect any qualifications or finance experience, just people who know their shit. We do a "pin the data structure on the problem" thing. Even people with fair amounts of experience rarely know the difference between a list, a set and a dictionary.
Some guy, supposedly a technical architect, just sat there and smiled awkwardly through the questions and didn't answer them.
It's actually quite depressing until you realise you could probably walk out and can another £30k because you can actually do this stuff.