PwC UK auditors and consultants received an average of more than £1m (about €1.2m at current exchange rates) for the first time in 2021, thanks in part to a one-third growth in revenue. “financial times”.
PricewaterhouseCoopers were the first “giants” in the audit sector to present their results, and significant profits are now expected from Deloitte, EY and KPMG.
However, PwC warned that inflation and a wage rise of at least 9% to about 12,000 workers will likely mean a drop in partner wages in 2022. Although demand for services remains high, it should not be enough. to compensate for this increase in costs.
PwC’s gross profit in the UK, which includes the company’s business in the Middle East, rose 19% to 1.4 billion pounds (1.66 billion euros) in the year to June.
Consequently, profits attributable to PwC’s 995 UK partners rose to an average of £1,025,000 (€1.2 million).
Revenue was 5 billion pounds (5.9 billion euros), driven by a 33% increase in the consulting business.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
