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One in ten UK businesses implement pay freeze

Around 10% of UK firms are putting a pay freeze in place for their staff, according to figures obtained by the BBC.

The Incomes Data Services (IDS) has said that businesses are taking the measure in order to control costs during the recession. The IDS added that average wages are still increasing but at a much slower rate than previously seen. Ken Mulkearn, editor of the IDS Pay Report, told the BBC: "We are also seeing pay pauses, where it comes to the time for an annual pay review and firms are saying they will put off a decision on what to do about to pay."

For more on this story go to:
http://news.bbc.co.uk/1/hi/business/7941691.stm

 
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