Big Four auditor reports ‘exceptional’ year for corporate advice but warns of looming economic headwinds

Deloitte UK partner pay rises further past £1mn


Deloitte’s UK partners took home £1,058,000 on average this year thanks to booming activity in its mergers and acquisitions advisory business, but the Big Four auditor’s boss warned that it faced “economic headwinds”.
The figure topped last year’s payout by £8,000 but the 2021 result was boosted by the sale of a business. This time, the firm wrung 21 per cent more operating profit from a 10 per cent jump in revenues.
“Demand for all our services was strong, particularly in cloud technology, digital transformation and M&A services,” said Richard Houston, chief executive of Deloitte UK.
This story originally appeared on: Financial Times - Author:Stephen Foley