Average income of Deloitte UK partners tops £1m for third year in a row

Payouts rose by 5% after operating profits increased to 756m and pension advisory business was sold

The average income of Deloitte's more than 640 equity partners in the UK rose to 1.1m this year, despite a recent slowdown in spending and company deals.

Deloitte UK said revenue grew 14% to 5.6bn in the year to May, as buoyant markets in the first six months of its financial year bolstered demand for audit and advisory work. It helped offset the increased caution" among more cash-strapped clients and a slowdown in merger and acquisition activity in the months that followed.