Birdwatch Note Rating
2024-04-26 23:57:21 UTC - HELPFUL
Rated by Participant: 37CE9CB143F37C0D82B64E17968A778505F89728E4B60E4AA3E55EA98F9078CB
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