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CITY VIEWS: WHAT DO YOU THINK WILL HAPPEN TO TAKE HOME PAY THIS YEAR?

DAVID HAYES | WILLIS
“Pay will basically remain stable. Some areas might see an increase and certain sectors will see a reduction. A lot of companies are looking to keep costs down to avoid having to cut staff numbers, which means a freeze on pay.”

HUGH MASTIN | BARCLAYS GLOBAL INVESTMENT
“Take home pay has been frozen in both public sector industry and private sector commerce for some time. And I don’t foresee an increase in pay for people in work happening in either of these areas for the next 12 to 18 months.”

MANJU RAO | TATA COMMUNICATIONS
“There is still a lot of household and company debt and it doesn’t seem like there will be a wage hike any time soon, and if there is one, it will be very small. Levels of pay for workers will most probably stay the same for the next year.”