Policy paper

Economic Evidence to the Pay Review Bodies: 2026-27 Pay Round

HM Treasury’s Economic Evidence for the Pay Review Bodies as part of the 2026-27 Pay Round

• From: HM Treasury
• Published: 15 December 2025

Documents

Economic Evidence to the Pay Review Bodies 2026-27 Pay Round

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Economic Evidence to the Pay Review Bodies 2026-27 Pay Round

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This document sets out the economic, labour market and fiscal context within which the government asks the independent Pay Review Bodies to consider their recommendations for 2026-27 pay awards.

Published 15 December 2025