The British Chambers of Commerce's survey of more than 400 companies found that 58% of companies are planning to freeze salaries and 12% will cut their employees' wages.
"There was some support in the Budget, but more is needed to help Britain's embattled businesses so that they can drive our economy out of recession, creating jobs and wealth in the process," said BCC director general David Frost.
www.ukba.co.uk
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