Birdwatch Note Rating
2024-04-27 02:07:11 UTC - HELPFUL
Rated by Participant: 59E9D2E0B9A873A6757A46C42BFEF7032E0CB4597D7FEBFB2646194BB5C08FAC
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