Pay cuts are 'new normal' - Today's small business news roundup

  • By Josh Hall
  • 31 May 2012
Pay cuts are 'new normal' - Today's small business news roundup

House prices, pay freezes, and contactless cards - here's your need-to-know business news roundup.

House prices in the UK are “fairly stable” despite a double dip.

This is according to a new survey from Nationwide, which found that average prices are 0.7 per cent lower than a year ago. [BBC]

Effective pay cuts are “the new normal” according to the CBI.

The business group said below-inflation pay awards are set to continue in the coming months. [Telegraph]

The Post Office will roll out contactless payment technology from next month.

The payment method will be available in 11,500 branches, with the Post Office becoming the biggest contactless user in Europe. [Guardian]

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