Birdwatch Note Rating
2024-04-26 15:38:11 UTC - HELPFUL
Rated by Participant: 9CE4659B8C24ED47B5FA2C5ECBF269B76DE83D672DBC6B50C650AD49F4C9A012
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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