London leads finance sector wage gowth as chartered accountants enjoy above inflation pay rise

London and the south east of England led the UK in pay, averaging £140,718 (Source: Getty)
Finance sector workers’ pay has picked up, according to data released yesterday by Icas, the trade body for chartered accountants.

The group found that 39 per cent of chartered accountants polled received an above-inflation pay rise in the last twelve months, in a survey of over 1,100 Icas members.

Next year 67 per cent expect their pay to increase in line with or above inflation, as more than one in five expect to change job in the next 12 months.

Only 24 per cent of those surveyed said that their bonuses were reduced, a reduction of nine percentage points from the previous figure, while members reporting pay freezes at their companies also declined from 26 per cent in 2014 to 20 per cent.

London and the south east of England led the UK in pay, averaging £140,718, followed by the north east, averaging £102,428. Salaries were lowest in Yorkshire and Humberside at £57,995 and Wales at £57,806.

Icas’ Robert Outram said, “With growing confidence in the economy, chartered accountants are becoming increasingly aware of their value in the jobs market and this is likely to create more movement over the next 12 months.”

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