BBC News - Pay freeze or cut for many in 2011, says BCC

via bbc.co.uk

More than half of UK companies plan to freeze or cut their employees' pay in 2011, according to a survey by the British Chambers of Commerce (BCC).

While 45% of firms surveyed said they would give their staff a pay rise, 49% said they would freeze salaries, while 6% said they planned to reduce wages.