ICAEW freezes pay in budget review

The ICAEW has said in its latest budget review that it is to freeze all pay
across all its employees.

In the latest ICAEW council meeting notes the institute said that ‘with
regard to the 2009 budget, the senior management team was undertaking a high
level full year forecast review’.

The only measure to be disclosed is the pay freeze.

A report recommending the level of fees and subscriptions in 2010 will be
submitted to the Council in March and released as part of its Annual General
Meeting statement in May.

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