Birdwatch Note Rating
2024-04-27 17:27:02 UTC - HELPFUL
Rated by Participant: 89984B18B9C53F00ACA29D365336214F36C1E65BB8889164DBBB1AF7B17C4A48
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