Birdwatch Note Rating
2024-03-06 21:04:50 UTC - HELPFUL
Rated by Participant: 2DC984EE1C4C2CEDDDF4CDA8084858086C0632EC6279E1F727BE0A3DB57016E9
Participant Details
Original Note:
National insurance has fallen by 2p, but tax thresholds are remaining frozen. Millions of people will be dragged into paying more tax as pay rises but the thresholds don't keep up. This is known as "fiscal drag" or a "stealth tax". https://news.sky.com/story/budget-latest-national-insurance-cut-2p-income-tax-mortgages-money-blog-sky-news-live-13040934 https://www.telegraph.co.uk/money/tax/how-much-tories-stealth-tax-raid-cost-you/
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