Birdwatch Note Rating
2024-03-06 19:33:25 UTC - HELPFUL
Rated by Participant: 6588A850ED8821B892C4DED8842827C1B95BDD67AF5A63DDAF45E3DDCEFCD9A3
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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