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

Increase in average payouts for accounting firm’s 995 top employees linked to consulting services boom

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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