Birdwatch Note Rating
2024-04-27 11:10:51 UTC - HELPFUL
Rated by Participant: 067D94D3B4A6A326A42AFFA2AD9815282DB0D79DE79A681112F4B3D578E3FBE0
Participant Details
Original Note:
The UK Treasury has been freezing the Personal Tax Allowance last year and this. Because inflation grows, in real terms the PTA is falling. That’s a tax rise commonly known as fiscal drag. It cancels out much of the National Insurance Cut. Explained here: https://researchbriefings.files.parliament.uk/documents/CBP-9687/CBP-9687.pdf
All Note Details