Birdwatch Note Rating
2024-04-26 09:18:00 UTC - NOT_HELPFUL
Rated by Participant: 18ECEE62F77D17C1DA0771A2E1859C7C7E67583DD61902068EBD7BF40B3A5DEE
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
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