Britain's top bosses start feeling pinch

Salary increases for executive directors at companies listed on the United Kingdom's FTSE 350 Index have declined as remunerations have been hurt by an economic slowdown, a study by Deloitte & Touche LLP found.

In the year ended June 30, the median increase for an executive of a FTSE 350 company was 6.2 percent, compared with 7 percent a year earlier, Deloitte said.

The number of board members that aren't entitled to receive bonuses rose, the consulting firm said in the report.