Birdwatch Note Rating
2024-04-26 13:56:15 UTC - HELPFUL
Rated by Participant: 80F17E2BD3824DC767E85D4C3CAF57CFEB6B9B579F225FA65EBACF5CC680B35B
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