Birdwatch Note Rating
2024-03-06 21:29:04 UTC - HELPFUL
Rated by Participant: E332962C34621A5B9F77C7F582C58B4FEA7B8680AD8CDE0AA01AEA6EE3DAEAFD
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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