The business has about 17,000 staff in the UK including partners, who receive a share of profits. Graduates who are progressing as they pass exams won’t be affected by the pay freeze.
The so-called Big Four accountancy giants have been reining in costs to adapt to a tough macro environment, laying off hundreds of staff in the UK and cutting partner pay due to a slowdown in dealmaking.
The news was first reported by the Financial Times.
