Insiders said other PwC staff would also benefit from its improved results, with a bonus pot for its broader workforce of £128m, compared to £82m the previous year and £111m in 2019.
PwC did not make any redundancies as a result of the pandemic, and did not take any government money through the furlough scheme. Its recovery from last year's fall in profit is largely said to have been derived from consulting work for private sector clients rather than work for the government. Like other big four firms, PwC has begun charging audit clients higher fees in the last 18 months as regulatory reforms have begun to bite.
The big four have collectively been fined tens of millions of pounds in recent years for audit failures, with PwC rapped over its work at companies including BHS and Redcentric.
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