Birdwatch Note Rating
2024-04-26 15:51:55 UTC - HELPFUL
Rated by Participant: 3551F027E486E8B667F85138F1DFA6C2F2B2FAF659C7876135C2804B20C29708
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