Hoopy... I'm impressed... honestly
No pay rises? Oh big wow.
As a professional electronics engineer I have received 3 pay rises in 10 years, all from quitting and moving onwards! Full on commercial entities (and I'm not talking the likes of behmoths like BT) have had pay freezes on and off for the last decade. This is neither new nor impressive.
Why should BT's efforts in reducing bonuses and freezing pay impress us? Maybe if they stopped shelling out for f*ckwittery like Phorm and started providing a decent service in general, people might not be legging it in droves from their Internet side of the business, but since this is still an organisation that suffers from Civil Service grade bureaucracy and ineptitude, it's not going to sort itself out any time soon.
So glad I no longer have shares in them!