EY is slashing pay rises and bonuses for its UK tax staff, with base salary increases dropping to 2.2% from 6% last year and 10% in 2022. The firm is also cutting a few partners, reflecting the broader challenges facing the Big Four firms amid a market slowdown. Bonuses will also be lower, with junior staff receiving as little as £500. This move highlights how EY and its rivals are tightening compensation as economic conditions remain tough. EY's tax advisory arm, typically more resilient, is still feeling the pinch.