<p> “Millions of people face a second year of pay freezes or salary cuts next year dashing hopes that the end of the recession will ease the squeeze on family budgets,” the Sunday Times said. <br /><br />Up to two-thirds of companies in the private sector are planning to freeze or cut pay next year — a substantial increase compared with this year, the newspaper said. Quoting a poll by the British Chambers of Commerce (BCC), the daily said 58 per cent of company directors were planning wage freezes during 2010 and another 5 per cent planned to cut pay next year.</p>
<p> “Millions of people face a second year of pay freezes or salary cuts next year dashing hopes that the end of the recession will ease the squeeze on family budgets,” the Sunday Times said. <br /><br />Up to two-thirds of companies in the private sector are planning to freeze or cut pay next year — a substantial increase compared with this year, the newspaper said. Quoting a poll by the British Chambers of Commerce (BCC), the daily said 58 per cent of company directors were planning wage freezes during 2010 and another 5 per cent planned to cut pay next year.</p>