Despite a marginally lower fee income, KPMG has seen its UK pre-tax profits increase by 10% over the past year. Reporting fees of ￡1,602m, down ￡2m on last year, the Big Four firm said its profits before tax on ordinary activities stood at ￡428m, an increase of ￡39m on 2009's figures. Senior partner John Griffith-Jones said the firm had 'sorted out the overheads' to bring down costs, which had included action taken during the previous year to reduce staff and partner numbers.
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