Millions in Britain face pay freezes in 2010

 “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. 

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.