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2024-04-26 09:17:39 UTC - HELPFUL

Rated by Participant: 77D7C9876047B71D0313A111256880CBCF7E87DD5D86FA949BBC1F292489852D
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

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All Information

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