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Policy paper · gov.uk
Economic Evidence to the Pay Review Bodies: 2025-26 Pay Round
HM Treasury’s Economic Evidence for the Pay Review Bodies as part of the 2025-26 pay round.
Last fetched 04 May 2026 · gov.uk
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Economic Evidence to the Pay Review Bodies: 2025-26 Pay Round
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Raise the income tax personal allowance from £12,570 to £20,000
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Introduce new tax code for state pensioners with double the personal allowance
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Don't apply VAT to independent school fees, or remove business rates relief.
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Raise the income tax personal allowance from £12,570 to £20,000
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Set out a pro-innovation strategy for blockchain and stablecoins
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