Birdwatch Note Rating
2024-04-27 06:25:30 UTC - HELPFUL
Rated by Participant: 865C40B0628DE6D28D9C1A8EF2275C0EDACD5223475EDC0B28149D2D61FEB975
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