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UK SMEs’ directors feel the pinch, inequality gap widens

LONDON | The average 2011 annual pay for directors of small companies, with a turnover of less than £5mn a year, has fallen by £5,000 from the levels of five years ago (£87,500 in 2007). In the last 12 months alone, their average pay has fallen by 15% or over £14,000 taking their total pay package to £82,500 (in 2010 it was £96,568). Directors of larger organisations, with a turnover of…