Average partner earnings increased 7% to £803,000 from £749,000 in FY21. EY said it was re-investing profits into the business rather than just partner distributions.

EY is investing over £106m in salary increases for UK employees this year and has also increased the bonus pot by 55% to £110m in FY22. At the same time starting salaries for graduate, industrial placement and school leaver programmes have increased by an average of 13%, 23% and 11% respectively.