EY Cuts UK Partner Payouts by £40,000 as Big Four Face Slowdown

10/27/2023 07:14
EY Cuts UK Partner Payouts by £40,000 as Big Four Face Slowdown

Ernst & Young LLP partners in the UK saw their share of profits drop for the first time in three years as the Big Four audit firms face economic uncertainty.

Ernst & Young LLP partners in the UK saw their share of profits drop for the first time in three years as the Big Four audit firms face economic uncertainty.

Partners at the accounting firm’s UK arm pocketed an average of £761,000 ($923,000) last year, compared with £803,000 the year before. The firm also cut its pay rise and bonus pool by about 30% to £155 million.

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