Birdwatch Note Rating
2024-04-26 23:29:42 UTC - HELPFUL
Rated by Participant: 37BEF3F8632E43C5C864B0DA5AA4FA1E3BFC9BB9C5858011BA70D3B1884517E4
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