Birdwatch Note Rating
2024-03-07 08:43:24 UTC - HELPFUL
Rated by Participant: E86839B9FBC5916EA1BC0D9DF36B33A2DB54EAB485D6034DCF9519E6ABDF496E
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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