Birdwatch Note Rating
2024-03-07 07:46:20 UTC - HELPFUL
Rated by Participant: 90EA1C48BBD743F40EBAE5FF7129C8331E8346426699B4C046FB476FAACF02C2
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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