By Maria Ward-Brennan KPMG UK’s profit before tax dropped nearly 20 per cent in 2023, the firm reported today, as revenue growth slowed and staff costs increased. The firm reported a profit before tax of £364m for 2023, down 19 per cent from £449m in 2022. Revenue grew by nine percent to £2.96bn last year, but this was much lower than the 16 per cent revenue growth the firm saw in 2022. The firm stated that client demand for advice on tax and AI lifted revenue in the firm’s tax and legal business by eight per cent. KPMG’s consulting arm recorded a seven per cent increase in sales, while the fi…