Birdwatch Note Rating
2024-04-26 20:18:53 UTC - HELPFUL
Rated by Participant: A1E0AD68ADE0E73859E1203A47F5D1E167E833FC47C053F7B75C4ED14C4C830D
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