Andy Burnham £12,570 personal tax-free allowance decision as people lose £3,500 from it

NewsCost Of LivingAndy BurnhamAJ Bell has warned06:55, 07 Aug 2026People are missing out on £3,500 off their tax-free personal allowance from HMRC. AJ Bell has warned, had the personal tax-free allowance kept pace with inflation, the Personal Allowance would now stand at £16,072 for the 2026/27 tax year.That is £3,502 higher than it is today. Prime Minister Andy Burnham, the Labour Party leader, recently told journalists that he was ‘looking at’ the possibility of changes to the income tax personal allowance.Mr Burnham says he will "look at" allowing people to earn more before they start paying income tax, shifting the so-called personal allowance. Despite raising the issue in an interview as he took office, he's since distanced his government from any immediate change. "There is no commit