KPMG UK partners enjoy record payday

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KPMG’s UK partners enjoyed their largest salary last year because the cost of spending has increased the profit of the Big Farm despite the slow revenue growth.

Paying for KPMG’s UK partners stands on an average of $ 816,000 for 5 percent in late September, the firm said on Wednesday.

The accounting firm increased by one percent of the year in the end of September to $ 2.5 billion in the year, which is a severe downturn in the previous two years, when the growth was 9 and 16 percent respectively.

However, after taking steps to “operate the cost of the KPMG” to the cost of the KPMG, the profit returned 11 percent a year to $ 404 million a year. Farm Cut off 200 roles In the downturn in demand, in June, And frosty pay For about 12,000 UK staff in 2023.

In the same year, the firm Its senior ranks are coolKeeping its partnership at the lowest level for more than two decades and increasing the payment of individual payment. KPMG was partner in the UK in 2023, which reached 837 last year.

Profit jumps reversed about 20 percent of the drop in the previous year, and it was implied that the firm’s bonus pot was 2024 in 2024 for non-partner staff.

KPMG’s profit puts its partners in third place for salary in the Big Four. PWC and EY partners have deducted 5 percent of the salary in 2024 with the payment of £ 862,000 and £ 723,000 in 2021, while Delotete UK partners have been transferred to an average of $ 1 million a year for the last four years.

The KPMG UK’s consulting forces have been affected by the reduction of the demand for Advisory Services and said the sale of 4 percent. Its taxes and legal departments have increased by 9 percent, fuel due to changes in the tax law, when monitoring has increased by 5 percent.

John Holt, CEO KPMG UKSaid: “It’s a good acting in the challenging market situation” ”