Birdwatch Note Rating
2024-04-26 10:24:39 UTC - HELPFUL
Rated by Participant: 5ED701E2B7A420B4033BD346F7D636892A77B99CBE8F2D744763BF4F34C9A8D3
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