London — Global accounting and consulting firms Deloitte and EY said on Wednesday that they are cutting pay for partners at their UK businesses by a fifth to protect jobs during the coronavirus crisis, mirroring moves at rivals PwC and BDO.

Professional services in the City of London have hit a near standstill since the Covid-19 pandemic shook global markets and caused activities such as mergers and acquisitions and stock market listings to dry up...

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