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Deloitte UK to slash partner earnings by 20%

Employee annual salary increases have also been frozen

Deloitte UK partners are set for a 20% pay cut this year as the Big Four accounting firm battles to protect its balance sheet and jobs during the Covid-19 crisis.

The reduction in partner salary is among several measures in a "package of actions" announced by Deloitte UK's chief executive Richard Houston on April 15, set to affect around 20,000 partners and staff employed by the firm in the UK.

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