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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

PwC raises UK partners’ pay to more than £1m for first time

PwC logo at its offices in Berlin, Germany
PwC said the strong results allowed the firm to make the biggest investment in UK staff salaries for 10 years. Photograph: Wolfgang Rattay/Reuters

Partners at the accounting firm PwC UK have been handed more than £1m each for the first time, after a double-digit rise in revenues across the business.

The firm said on Thursday it had increased average payouts for its 995 top-level employees to £920,000 for the 12 months to June, up 12% from a year earlier, after a jump in profits linked in part to higher income from its consulting services.

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