Birdwatch Note Rating
2024-03-07 08:38:10 UTC - HELPFUL
Rated by Participant: FDD08DE68600C7809D136E6FFED85F415E99F47A2CC61FB15EE49A69EE239728
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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