Birdwatch Note Rating
2024-04-26 11:45:55 UTC - HELPFUL
Rated by Participant: 3DE41962C73E797A17AD8004013170493B96AA23B6C386EBFAA58444A72FDBD4
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