Birdwatch Note Rating
2024-03-06 22:28:50 UTC - HELPFUL
Rated by Participant: 6877C7F20E5D32F5887DBFDE2FE2FAA1EC9A803316931921133B4BBD954B2E30
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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