{
  "id": 16739473,
  "title": "EY partner pay jumps to £870k despite ongoing consulting slump",
  "url": "https://urgent.news/2026/10/27/ey-partner-pay-jumps-to-870k-despite-ongoing-consulting-slump",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-27T11:00:00.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/ey-partner-pay-jumps-to-870k-despite-ongoing-consulting-slump/"
  },
  "original_language": "en",
  "account": "EY, the global professional services firm, has increased partner salaries to £870,000 despite a decline in consulting revenues. The UK-based company reported a two percent rise in UK fee income to £3.86 billion for the financial year ending July 3, 2026, while total pre-tax profits reached £702 million. Despite the overall growth, consulting revenues fell by three percent, primarily due to challenges in the market.\n\nEY's global strategy consulting arm, EY-Parthenon, saw six percent revenue growth, along with three percent growth each in tax services and assurance. However, their top-performing industry sectors were consumer & health, up eight percent, and technology and media & telecommunications, up five percent. The company reported a 46 percent surge in sales of AI and data projects, indicating that clients are investing in these sectors despite overall consulting struggles.\n\nTo capitalize on the growing market, EY increased total employee bonuses by over 25 percent, hired 2,300 people, made 3,700 internal promotions and progressions, and delivered 1.2 million hours of training for its UK workforce. The firm's total UK tax contribution for the year 2026 exceeded £1.3 billion. EY UK & Ireland regional managing partner, Anna Anthony, stated that these results reflect a solid performance amid a challenging market and that they have continued to grow the business while investing in talent and technology.",
  "summary": "Big Four giant EY posted a two per cent rise in UK fee income over the past year and hiked payouts for its partners, even as its consulting arm came under pressure from what it said was “challenging market”. For the financial year ending 3 July 2026, the firm reported UK fee income of £3.86bn, [...]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}