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.