Birdwatch Note Rating
2024-04-29 14:40:55 UTC - HELPFUL
Rated by Participant: A492DC0D949AF53FE5B461405832DD4AF32D19F09A7C03D60A35C6B17066292F
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