PwC partners in the UK were paid an average of more than £1mn for the first time last year, buoyed by a jump of one-third in the firm’s consulting revenues and the disposal of part of its business.
The results kicked off what is expected to be another season of bumper UK earnings for the Big Four accounting firms, which also include Deloitte, EY and KPMG. But PwC warned that inflation and rising wages were likely to reduce partner pay in the current year.
It handed half of its 24,000 UK employees pay rises of at least 9 per cent in July in an effort to attract and retain staff in a hot labour market and to respond to rising inflation.
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